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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Giordano Bruno who wrote (18363)6/23/1999 9:49:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Jim, i take it they didn't want to come to the market with conditions as unfavorable as they are at the moment. probably the lame two-year note auction was all the hint they needed. it could well be that they speculate on a bond rally once the FOMC decision is in. i'll bet they will be back as soon as the long bond shows signs of recovery and probably at a time when the corporate calendar is less heavy than it is now. $10bn. is not jump change after all.

regards,

hb
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