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EM today is up, what's going on?
Old 09-06-2016, 12:38 PM   #1
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EM today is up, what's going on?

Emerging markets equities are up at the moment about 2% and I cannot find any news stories to tell me why. Anybody got a comment? Thanks!

Is it just residual from Brent crude's price movement yesterday though there is some retracement today? But ETFs are still trending up here in the afternoon trading.

(US stocks are doing nothing special today, so out of synch with EM.)
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Old 09-06-2016, 12:40 PM   #2
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Easy. I sold my EM position last week. ;--)


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Old 09-06-2016, 12:42 PM   #3
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Easy. I sold my EM position last week. ;--)
I knew the reason was going to be something simple.
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Old 09-06-2016, 12:42 PM   #4
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people are buying?
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Old 09-06-2016, 02:16 PM   #5
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Put in an order for EM. QTY:All.
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Old 09-06-2016, 02:35 PM   #6
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Put in an order for EM. QTY:All.
I was thinking today would be a good day to sell based on market psychology, but I couldn't figure out the psychology, so I did nothing. One of my EM ETFs is up 38% since buying in January.
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Old 09-06-2016, 02:38 PM   #7
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Darn, my covered calls are getting to be "in the money", and it's still another month to expiry. Somebody is going to get my shares cheap.
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Old 09-06-2016, 02:53 PM   #8
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I was thinking today would be a good day to sell based on market psychology, but I couldn't figure out the psychology, so I did nothing. One of my EM ETFs is up 38% since buying in January.
I call this year's leg up, "emergence to the mean."
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Old 09-06-2016, 03:39 PM   #9
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And here I am waiting to put in my second batch of EM. Guess that won't happen.

Action or inaction, always regrets ..
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Old 09-06-2016, 03:43 PM   #10
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(US stocks are doing nothing special today, so out of synch with EM.)
It might the USD moving about. USD dropped 1% vs. EUR.
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Old 09-06-2016, 03:56 PM   #11
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It might the USD moving about. USD dropped 1% vs. EUR.
Yes, it could be that combined with the change in the price of Brent crude when US markets were closed.
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Old 09-07-2016, 07:39 AM   #12
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I call this year's leg up, "emergence to the mean."

exactly
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Old 09-09-2016, 11:00 AM   #13
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And 3 days later, all the gains have gone away.

So, Totoro, are you happy now?

BTW, I'm not buying now.
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Old 09-09-2016, 11:31 AM   #14
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yeah people are selling
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Old 09-09-2016, 01:12 PM   #15
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As raw material suppliers, EM is strongly driven by the pricing for energy and commodities, plus the value of the USD, since much of the former is priced in USD. Those variables have been moving in favor of EM in recent months, and oil was up yesterday.
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Old 09-09-2016, 04:27 PM   #16
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Darn, my covered calls are getting to be "in the money", and it's still another month to expiry. Somebody is going to get my shares cheap.
I think you were saved today ?
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Old 09-10-2016, 08:16 AM   #17
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I lost more with the stock drop than I gained from the option premium. Ideally, the stock should just advance to right below the strike price of my covered call. This way, I can still have my cake and eat it too. This works out a few times.

The above said, the gain from the option premium lessens the pain of the market drop, if only a little bit. It's still better than nothing.
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Old 09-10-2016, 09:02 AM   #18
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And 3 days later, all the gains have gone away.

So, Totoro, are you happy now?

BTW, I'm not buying now.
Need an extra 8% drop to approach the cost of my first batch, so keep em coming
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Old 09-10-2016, 09:07 AM   #19
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Been buying EM funds on dips for last 3 years. Can not complain (so far)


FPMAX: 18.9% YTD and 8.8% TR
SCHE: 24.2% YTD and 16.1% TR
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Old 11-29-2016, 11:15 AM   #20
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Bought my second batch of EM funds today. Feel free to emerge now, dear market.

I'm done for a while now.
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