View Full Version : I Fund for November 2009
James48843
11-01-2009, 11:00 PM
Japan off to a depressing start.
Now down (-2.27%) this morning.
CIT going down in flames. The problem's not just at CIT, but the domino effect it has on other regional banks. Once they get scoured, the other banks then have to reset their books, which throws them out of balance forthe year....then creating other dominos in other banks and institutions that carried their loans on the books. The good news is that now the taxpayers own 2.3 billion in worthless CIT stock.
CIT's move will wipe out current holders of its common and preferred stock. That means the U.S. government will likely lose the $2.3 billion it sunk into CIT last year in return for preferred shares to prop up the ailing company. The government could have lost billions more, however, had it not declined to hand over more aid to the company earlier this year.
Treasury Department spokesman Andrew Williams said the government will be closely monitoring the bankruptcy proceedings, but acknowledged that "recovery to preferred and common equityholders will be minimal."
Common stockholders set to lose their investment include FMR LLC of Boston with a 9.9 percent stake in CIT and San Diego-based Brandes Investment Partners LP with a 9.7 percent equity position, according to CIT's filing.
Silverbird
11-02-2009, 08:58 AM
Wrong fund, Phil, this is international. I want to get news on the DAX, Nikkei, and the overseas Financial companies here.
Corvette
11-02-2009, 12:49 PM
Monday EAFE estimate of -$0.0001
plus Monday FV (previous day) of +$0.2000 = +$0.1999
They're interrelated. But you can check out what happened to Northern Rock, and UBS. If you examine the companies in the I fund that have lost the most money, you need only take a look at their financial stocks. However, bank failures here definitely affect them.
Wrong fund, Phil, this is international. I want to get news on the DAX, Nikkei, and the overseas Financial companies here.
FTSE's down about 2% this morning. Let's see what the day brings.
Corvette
11-03-2009, 10:38 AM
Monday EAFE final of -$0.0001
plus Monday FV (previous day) of +$0.2000 = +$0.1999
minus mystery money of -$0.0103 = +$0.1896 final :)
Corvette
11-03-2009, 10:42 AM
Tuesday EAFE estimate of -$0.2741
plus Tuesday FV (previous day) of +$0.0000 = -$0.2741
The European shares were dragged down by the finance sector today. It's the same issue as here, with weak banks mostly in Britain and France dragging down the larger stock market.
Market fundamentals are in question. When the finance side can only head south, it drags down the entire index. About 20-30% of the TSP stock funds are invested in the banking/finance industry. Despite the infusion of capital by government, these banks STILL carry a lot of dead weight in bad loans.
mayday
11-03-2009, 09:44 PM
It's odd that the dollar went up while gold went up. They usually go in opposite directions.
Yeah. Dollar values and gold usually carry an inverse relationship, like stocks and bonds. There are a LOT of dollars out there, but with the banks getting rid of a lot of their dead weight, the dollar may strengthen as time goes on. And the market. We'll see.
While our banks are bad, and they carry a lot of debt that may not be repaid, they're not as bad off as a good number of foreign banks. They sometimes carry dead loans on their books for many, many years that show them in the black, when in reality they've lost a lot of money that's unrealized loss.
It's why I didn't much care for bank deregulation in the US. It caused quite a number of problems for us now.
By the way, if you ever get a chance to look at how sometimes capital laws that states create really cause problems, just take a look at P&G's experience in South America. They were carrying billions of dollars that they couldn't take out of the country because they weren't permitted by the government for many years. So they had to constantly buy things. They ended up owning a lot of real estate, but couldn't repatriate their capital. Their profits kept getting bigger and bigger on their books. They just couldn't get to it.
Show-me
11-04-2009, 06:31 AM
The IMF sold tonnes of gold that India bought half of. That may explain the dollar up and gold up situation. It was not expected that India buy that much gold.
Corvette
11-04-2009, 01:40 PM
Tuesday EAFE final of -$0.2741
plus Tuesday FV (previous day) of +$0.0000 = -$0.2741
plus mystery money of +$0.0133 = -$0.2608 final :worried:
Corvette
11-04-2009, 01:43 PM
Wednesday EAFE estimate of +$0.3406
plus Wednesday FV (previous day) of +$0.0000 = +$0.3406
FTSE is starting off the day heading south. Asian markets mostly down last night.
We're getting these amazing swings from day to day, still indicating high market volatility. When will it settle?
Corvette
11-05-2009, 01:13 PM
Wednesday EAFE final of +$0.3406
plus Wednesday FV (previous day) of +$0.0000 = +$0.3406
plus mystery money of +$0.0019 = +$0.3425 final :)
Corvette
11-05-2009, 01:15 PM
Thursday EAFE estimate of +$0.0802
plus Thursday FV (previous day) of +$0.0000 = +$0.0802
mayday
11-06-2009, 10:18 AM
Overseas markets not bad.
http://money.cnn.com/data/world_markets/
mayday
11-06-2009, 10:36 AM
Dollar still down I fund should do well today.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=i
Corvette
11-06-2009, 11:03 AM
Thursday EAFE final of +$0.0802
plus Thursday FV (previous day) of +$0.0000 = +$0.0802
plus Thursday FV (today) of +$0.1000 = +$0.1802
minus mystery money of -$0.0002 = +$0.1800 final :)
Corvette
11-06-2009, 11:06 AM
Friday EAFE estimate of +$0.0737
minus Friday FV (previous day) of -$0.1000 = -$0.0263
Corvette
11-09-2009, 12:39 PM
Friday EAFE final of +$0.0890
minus Friday FV (previous day) of -$0.1000 = -$0.0110
plus mystery money of +$0.0035 = -$0.0075 final :worried:
Corvette
11-09-2009, 12:43 PM
Monday EAFE estimate of +$0.3655
plus Monday FV (previous day) of +$0.0000 = +$0.3655
Corvette
11-10-2009, 02:20 PM
Monday EAFE final of +$0.3977
plus Monday FV (previous day) of +$0.0000 = +$0.3977
plus Monday FV (today) of + 0.1200 = +$0.5177
plus mystery money of + $.0002 = +$0.5179
Corvette
11-10-2009, 02:24 PM
Tuesday EAFE estimate of +$0.0265
minus Tuesday FV (previous day) of -$0.1200 = -$0.0935
Corvette
11-11-2009, 08:38 AM
Tuesday EAFE final of +$0.0265
minus Tuesday FV (previous day) of -$0.1200 = -$0.0935
minus mystery money of -$0.0490 = -$0.1425 final :worried:
Corvette
11-11-2009, 08:42 AM
Wednesday EAFE estimate of +$0.1558
plus Wednesday FV (previous day) of +$0.0000 = -$0.1558
dollar 74.91 down 0.14%
Corvette
11-11-2009, 09:54 PM
Wednesday EAFE final of +$0.0621
plus Wednesday FV (previous day) of +$0.0000 = +$0.0621 final :)
Corvette
11-13-2009, 11:05 AM
Wednesday EAFE final of +$0.0621
plus Wednesday FV (previous day) of +$0.0000 = +$0.0621
minus Thursday EAFE final of -$0.1168 = -$0.0547
plus mystery money of +0.0213 = -$0.0334 final :worried:
__________________
Corvette
11-13-2009, 11:08 AM
Friday EAFE estimate of +$0.0805
plus Friday FV (previous day) of +$0.0000 = +$0.0805
__________________
fedgolfer
11-14-2009, 03:07 PM
I fund got ripped off on Friday... should have been more of an increase due to Friday's $ movement.
Birchtree
11-14-2009, 08:27 PM
Some was probably held back as part of the fair value strategy to keep traders awake.
Corvette
11-16-2009, 10:59 AM
Friday EAFE final of +$0.0805
plus Friday FV (previous day) of +$0.0000 = +$0.0805
plus mystery money of +$0.0089 = +$.0894 final :)
Corvette
11-16-2009, 11:00 AM
Monday EAFE estimate of +$0.2861
plus Monday FV (previous day) of +$0.0000 = +$0.2861
Corvette
11-16-2009, 07:30 PM
Monday EAFE final of +$0.2861
plus Monday FV (previous day) of +$0.0000 = +$0.2861
minus mystery money of -$0.0007 = +$0.2854 final :)
Nikkei starting to slide tonight. FTSE's great day yesterday might turn south tomorrow. We'll see.
Corvette
11-17-2009, 12:01 PM
Tuesday EAFE estimate of -$0.2106
plus Tuesday FV (previous day) of +$0.0000 = -$0.2106
__________________
Corvette
11-17-2009, 11:07 PM
Tuesday EAFE final of -$0.2106
plus Tuesday FV (previous day) of +$0.0000 = -$0.2106
plus Tuesday FV (today) of +$0.1000 = -$0.1106
plus mystery money of +$0.0055 = -$0.1051 final :worried:
Corvette
11-18-2009, 11:15 AM
Wednesday EAFE estimate of +$0.0554
minus Wednesday FV (previous day) of -$0.1000 = -$0.0446
Corvette
11-19-2009, 02:36 PM
Wednesday EAFE final of +$0.0554
minus Wednesday FV (previous day) of -$0.1000 = -$0.0446
plus mystery money of +$0.0054 = -$0.0392 final :worried:
Corvette
11-19-2009, 02:38 PM
Thursday EAFE estimate of -$0.3615
plus Thursday FV (previous day) of +$0.0000 = -$0.3615
Tough day for I, but it started to rise at the end of the day.
Nikkei's down tonight, AORD is taking a big hit.
FTSE's heading south early. I don't think it'll be a good day for I fund, but we'll see. Last night's Asia market was down, Nikkei by 1/2%, AORD by 1.3%. The overall gains/losses have evened out over the last 2 months.
Birchtree
11-20-2009, 09:16 AM
Thanks for those updates phil - you're the best.
Corvette
11-20-2009, 02:51 PM
Thursday EAFE final of -$0.3615
plus Thursday FV (previous day) of +$0.0000 = -$0.3615
plus mystery money of +$0.0017 = -$0.3598 final :worried:
Corvette
11-20-2009, 02:52 PM
Friday EAFE estimate of -$0.1398
plus Friday FV (previous day) of +$0.0000 = -$0.1398
James48843
11-22-2009, 09:47 PM
Japan stock market closed today (23 November).
Labor Thanksgiving Day (勤労感謝の日, Kinrō kansha no hi) is a national holiday (http://en.wikipedia.org/wiki/Holidays_of_Japan) in Japan (http://en.wikipedia.org/wiki/Japan). It takes place annually on November 23 (http://en.wikipedia.org/wiki/November_23). The law establishing the holiday cites it as an occasion for commemorating labor (http://en.wikipedia.org/wiki/Manual_labor) and production and giving one another thanks. The modern holiday was established after World War II (http://en.wikipedia.org/wiki/World_War_II) in 1948 as a day to mark some of the changes of the postwar constitution of Japan (http://en.wikipedia.org/wiki/Constitution_of_Japan), including fundamental human rights and the expansion of workers rights.
No trading on the Nikkei until Tuesday.
Corvette
11-23-2009, 11:10 AM
Friday EAFE final of -$0.1398
plus Friday FV (previous day) of +$0.0000 = -$0.1398
minus mystery money of -$0.0005 = -$0.1403 final :worried:
Corvette
11-23-2009, 11:13 AM
Monday EAFE estimate of +$0.3845
plus Monday FV (previous day) of +$0.0000 = +$0.3845
jimijr
11-24-2009, 10:39 AM
Corvette, you're doing a real service here. When buying or selling we need to know the FV-situation and I always know where to look. Thanks.
Corvette
11-24-2009, 01:05 PM
Monday EAFE final of +$0.4011
plus Monday FV (previous day) of +$0.0000 =+$0.4011 final :)
Corvette
11-24-2009, 01:07 PM
Tuesday EAFE estimate of +$0.1632
plus Tuesday FV (previous day) of +$0.0000 =+$0.1632
Corvette
11-25-2009, 01:39 PM
Tuesday EAFE final of -$0.1632
plus Tuesday FV (previous day) of +$0.0000 = -$0.1632
plus mystery money of +$0.0029 = -$0.1603 final :worried:
Corvette
11-25-2009, 01:40 PM
Wednesday EAFE estimate of +$0.2375
plus Wednesday FV (previous day) of +$0.0000 =+$0.2375
James48843
11-26-2009, 12:53 PM
Europe is walloped with a more than 3% fall in share prices.
LONDON, Nov 26 (Reuters) - European shares slipped 3.3 percent on Thursday to record their biggest one-day percentage drop
in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers.
The pan-European FTSEurofirst 300 .FTEU3 index of top shares closed down 33.81 points at 988.14 -- its lowest close in three weeks.
"The Dubai worries have played a major role in rattling market sentiment at a time when the U.S. is closed and we are not getting anything from anywhere else," said Peter Dixon, economist at Commerzbank.
"It is a day in which market uncertainty has been provoked again. I do not think it really reflects the underlying fundamentals of the economy and the market, it is just a sentiment shock."
McDuck
11-26-2009, 03:32 PM
MSCI EAFE down 2.6% today
Yeah. FTSE's also down over 3%, AORD's down over 2% tonight.
Could be a sweaty day tomorrow.
All the foreign markets hitting the skids today and tonight. It looks like it could be a real bleeder tomorrow. We'll see.
Corvette
11-27-2009, 11:04 AM
Wednesday EAFE final of +$0.2383
plus Wednesday FV (previous day) of +$0.0000 =+$0.2383
plus Wednesday FV (today) of +$0.0900 = + $0.3183
plus mystery money of +$0.0039 = + $0.3322 final :)
Corvette
11-27-2009, 11:09 AM
Thursday EAFE final of -$0.4888
minus Thursday FV (previous day) of -$0.0900 = -$0.5788 final :eek:
Corvette
11-27-2009, 11:13 AM
Thursday EAFE final of -$0.4888
minus Thursday FV (previous day) of -$0.0900 = -$0.5788
minus Friday EAFE estimate of -$0.0438 = -$0.6226
Birchtree
11-27-2009, 01:24 PM
Nice hit - I like it.
Nikkei and HSI are way up tonight. Let's hope for some bounce tomorrow.
Corvette
11-30-2009, 02:54 PM
Thursday EAFE final of -$0.4888
minus Thursday FV (previous day) of -$0.0900 = -$0.5788
minus Friday EAFE final of -$0.0263 = -$0.6051
minus mystery money of -$0.0018 = -$0.6069 final :worried:
Corvette
11-30-2009, 02:55 PM
Monday EAFE estimate of +$0.0739
plus Monday FV (previous day) of +$0.0000 =+$0.0739
I'm getting tired of trying to make a prediction. Market was on a rollercoaster today. FTSE hit the skids, while the Dow climbed out of a hole.
I've added a bit to the I-fund, but I'm still a little leery. It's been just flat over the past two months.
Any thoughts?
Corvette
12-01-2009, 01:08 AM
Monday EAFE final of +$0.0739
plus Monday FV (previous day) of +$0.0000 = +$0.0739
plus mystery money of +$0.0040 = +$0.0779 final :)
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