Playing the I fund

Oh, this is killing me! I'm tempted to get back into the I fund, but I know that the moment I do, it will start going lower. Asia and Australia are looking good so far for today.
 
This morning not looking very good for "I".

Nikkei up only 0.06%, dollar is higher though against both Yen and Euro.
DAX, CAC and FSTE all down slightly.

If this holds, looks bleak for "I" today with a solid loss.
 
ebbnflow said:
Oh, oh. Here comes the FV. Tell me it ain't happening. Someone please. We need some relief -- from the FV and the weather! :D
OK, it ain't happening. I don't think they did a FV. If they did, it was only .01 cent. $19.41 + 1.175% = $19.638067
 
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FTSE looking weak today.

FTSE is looking very weak today. The USD took a dive at 7 this morning but not enough yet to counter the EuroZone. At this pace I fund may give it all back today.

Watching and waiting.

Good luck everyone, especially to those in the Florida Keys.:D



FRANKFURT, Germany (AP) -- The European Central Bank raised its key interest rate by a quarter percentage point to 3 percent on Thursday, the fourth such increase in eight months as it tries to curb inflation.
 
LONDON (MarketWatch) -- Central bankers in London, Frankfurt and Sydney have all within the last two days hiked interest rates, a sign that banks around the world are in tightening mode even as the U.S. Federal Reserve is nearing the end of its rate-hike cycle.

Now, which of the following three possibilities do you believe:

1. Each of these operated independently, with only the best interests of their own people in mind. The timing is just coincidence.

2. Each was thinking independently, was on the fence, and when one pulled the trigger, the others followed suite. Timing was a ripple effect.

3. This was all agreed to in some smoke filled room and is part of a conspiracy to drain liquidity from the world markets.

Has the U.S Fed tipped it's hand to the other central bankers? Is everything already agreed to, "data" not withsatnding?
 
Pilgrim said:
Now, which of the following three possibilities do you believe:
I actually think they are reacting partially to the US Fed in that they want to protect the value of their own currency to a certain degree and do not want the international currency market to get too far out of kilter.
 
Gilligan said:
OK, it ain't happening. I don't think they did a FV. If they did, it was only .01 cent. $19.41 + 1.175% = $19.638067

Any time you see discrepencies of 1 or 2 cents, I would chalk it up to rounding and not to FV's. I would think an FV would be at least 5 or 6 cents, otherwise why bother.

Dave
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With the jobs report and unemployment rate rising from 4.6% to 4.8%, the dollar is dropping. Anyone increasing his/her allocation in the I-Fund before the FED meeting?
 
Show-me said:
Me!:nuts: :D
So am I. I hate to become hyper, because that's when the market can turn around and squash the optimists. Seems to me though, that even if the FED were to raise rates, the correction will probably not hold up, because bottom fishers will be purchasing. Moreover, the trend still is for the dollar to drop in relation to other currencies. The other good news affecting sentiment positively might well be a U.N. agreement that holds the promise of a more stable Middle East where people can live in relative peace! Please, I will appreciate the opinions of others here! Good Luck!
 
On second thought I will stay where I am.

Bank of England and the Euro Central Bank both raised their rates and we did not see much of a drop in the USD when that happened. Maybe they are waiting to see if we would raise our rates also. Now that it looks like we may not the dollar felt the effect. Just a guess.
 
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