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EM today is up, what's going on?
09-06-2016, 12:38 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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09-06-2016, 12:40 PM
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#2
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Recycles dryer sheets
Join Date: Jun 2012
Posts: 88
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Easy. I sold my EM position last week. ;--)
Sent from my iPhone using Early Retirement Forum
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09-06-2016, 12:42 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Daniel J
Easy. I sold my EM position last week. ;--)
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I knew the reason was going to be something simple.
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09-06-2016, 12:42 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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people are buying?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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09-06-2016, 02:16 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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Put in an order for EM. QTY:All.
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09-06-2016, 02:35 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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.
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09-06-2016, 02:38 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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09-06-2016, 02:53 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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Quote:
Originally Posted by LOL!
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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I call this year's leg up, "emergence to the mean."
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09-06-2016, 03:39 PM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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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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09-06-2016, 03:43 PM
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#10
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Quote:
Originally Posted by LOL!
(US stocks are doing nothing special today, so out of synch with EM.)
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It might the USD moving about. USD dropped 1% vs. EUR.
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09-06-2016, 03:56 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Quote:
Originally Posted by Totoro
It might the USD moving about. USD dropped 1% vs. EUR.
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Yes, it could be that combined with the change in the price of Brent crude when US markets were closed.
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09-07-2016, 07:39 AM
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#12
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Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
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Quote:
Originally Posted by target2019
I call this year's leg up, "emergence to the mean."
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exactly
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09-09-2016, 11:00 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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09-09-2016, 11:31 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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yeah people are selling
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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09-09-2016, 01:12 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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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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"The mountains are calling, and I must go." John Muir
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09-09-2016, 04:27 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 16,973
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Quote:
Originally Posted by NW-Bound
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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I think you were saved today ?
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09-10-2016, 08:16 AM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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09-10-2016, 09:02 AM
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#18
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Quote:
Originally Posted by LOL!
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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Need an extra 8% drop to approach the cost of my first batch, so keep em coming
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09-10-2016, 09:07 AM
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#19
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
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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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11-29-2016, 11:15 AM
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#20
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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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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