Playing the I fund

[tsptalk]

I agree - but even in May 2000 there were some big rallies. Even though the trend definitely turned down.

 

[Spartan]

Looks like an upday. Coupled with the dollars slide past EAFE close, yesterday, we should see some really decent gains if Europe holds fast.

All depends on that CPI.

The market giveth, and the market taketh away...

 

[FundSurfer]

Core inflation up more than expected. This means that people will assume the Fed will bump rates again in June. This will strengthen the dollar (short term -- it will fall again when news hits that the Fed is done raising rates). European markets have fallen off a cliff with the news. S&P futures and other premarket indicators have flashed from green to red.

Now with all that being said, here is how I'm going to lay it out. The I fund is headed down. May be worse tommorrow than today because Asian markets already closed and the dollar had dropped over night some. I'm going to be getting out of the I-fund to try and avoid a loss tommorrow. Next support may be around $19.70 range and it isn't great support. Below that is better support in the $19.50

 

[roguewave]

I funders, there are some major events that are occurring that you won't find on any charts, thus the major volatility as of late. Big players throughout the world are waiting to see what the new kid on the block is going to do reference interest rates in the US, while other large players are charting their own course regardless of what he does. In my opinion, the world equity and debt markets are going through a lot of turbulance because they are beginning to de-couple from what the American markets do taking into consideration a future major devaluation of the dollar. An example of this is the Yen move as of late. In the past, as the Yen appreciated against the Dollar, the Nikkei took a beating. This didn't happen last evening. Could it be that a more important exchange rate to watch might be the Yen/Yuan exchange rate; Dollar/Yuan exchange rate etc...? Me thinks so. Read the article at the link and sit back and try to understand the magnitude of it. Good luck.


http://www.financialsense.com/editorials/phillips/2006/0516.html

Let's watch this play out together.

 

[Spartan]

ECB may raise rates by .5% in June. Asia will start mopping up excess liquidity in June. The dollar is still a losing game. World markets will realize it is only the US economics that are debunked, and not theirs.

Now that we have cleared the field of all the bears, get ready for the main game.

 

[Spartan]

I funders, there are some major events that are occurring that you won't find on any charts, thus the major volatility as of late. Big players throughout the world are waiting to see what the new kid on the block is going to do reference interest rates in the US, while other large players are charting their own course regardless of what he does. In my opinion, the world equity and debt markets are going through a lot of turbulance because they are beginning to de-couple from what the American markets do taking into consideration a future major devaluation of the dollar. An example of this is the Yen move as of late. In the past, as the Yen appreciated against the Dollar, the Nikkei took a beating. This didn't happen last evening. Could it be that a more important exchange rate to watch might be the Yen/Yuan exchange rate; Dollar/Yuan exchange rate etc...? Me thinks so. Read the article at the link and sit back and try to understand the magnitude of it. Good luck.


http://www.financialsense.com/editorials/phillips/2006/0516.html

Let's watch this play out together.

"Empire's Fall"

It was only a matter of time. Best defense would be the physical obtainment of global monetary equivalents, i.e. precious metals. Let's not wait until there are lines around the block to buy metals.

 

[Spartan]

.FTSE FTSE 100 Index 11:36 AM 5,675.50 -170.70 -2.92%
.GDAXI DAXX Index 11:36 AM 5,655.67 -196.25 -3.35%
.FCHI CAC 40 Index 12:02 PM 4,920.31 -161.38 -3.18%
.SSMI SMI-Index 11:30 AM 7,658.52 -228.57 -2.90%

 

[roguewave]

"Empire's Fall"

It was only a matter of time. Best defense would be the physical obtainment of global monetary equivalents, i.e. precious metals. Let's not wait until there are lines around the block to buy metals.

Todays action is pretty brutal throughout the world. This appears to be a concerted effort(various hedge funds) to see if Central Banks flinch reference their recent policies concerning interest rates. Notice how Japan has recently backed off their latest comments to raise rates. This wreaks of a liquidity drain in equity markets moving into bond markets. Let's see how low they let these markets go before they come up with some new story to justify lowering rates.

 

[Wizard]

.FTSE FTSE 100 Index 11:36 AM 5,675.50 -170.70 -2.92%
.GDAXI DAXX Index 11:36 AM 5,655.67 -196.25 -3.35%
.FCHI CAC 40 Index 12:02 PM 4,920.31 -161.38 -3.18%
.SSMI SMI-Index 11:30 AM 7,658.52 -228.57 -2.90%

Stockholm down 4.34%. That took the stock out of holm. :nuts:

 

[FundSurfer]

MSCI EAFE for May 17 is (1.929%)

 

[James48843]

Chart- FTSE downward move accellerating.

Crash mode?

 

[Wizard]

Will be fun to watch Japan tonight.

 

[Fivetears]

Will be fun to watch Japan tonight.

Yessir Mr. Wizard. I'm kinda thinking they'll be some scattered panic selling. JMO

 

[Wizard]

Yessir Mr. Wizard. I'm kinda thinking they'll be some scattered panic selling. JMO

The question is, which button will they push?:

 

[Fivetears]

The question is, which button will they push?

FANTASTIC!

 

[Wizard]

Nikkei 225 opened down 334 points.

Who would of thunk?

 

[Wizard]

Now down 360. I can't watch, almost.

 

[mlk_man]

YOu know what I love, seeing the Wiz and Fivetears come back at the same time.

Truth be known, I stopped being moderator because of Fivetears.

Had to put that out there because a duck is still is still a duck...............

 

[Wizard]

YOu know what I love, seeing the Wiz and Fivetears come back at the same time.

Truth be known, I stopped being moderator because of Fivetears.

Had to put that out there because a duck is still is still a duck...............

Are you talking about the core rate or the food, energy and housing included rate?

 

[mlk_man]

BTW, for the record, Tom never told me who complained that I had "disrespected" them when I was moderating. He did say he backed me up and I believe him. Of course he was quick to end my "privaledges", but that's to be expected.

Anyway, welcome back Fivetears, good to see ya again...........