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DESKJS

05/02/06 8:19 AM

#402 RE: frenchee #401

It's a puzzle to me. You may be thinking your moving into the I-Fund on a down day when it's actually an up day.

coolhand

05/02/06 4:06 PM

#404 RE: frenchee #401

I'm pretty sure that part of the "discrepancy" is because the EFA closes earlier than our domestic markets (Between 1 and 2pm). Since the dip came after that time we ended up with a gain.

I'm betting that today's big uptick will not be the closing gain we see (about 1.4%), but closer to .9%, thus factoring in the drop in the market yesterday (not to mention any "fair valuation" computations).

http://www.msci.com/equity/index2.html