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Strategies & Market Trends : Waiting for the big Kahuna
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To: clochard who wrote (43127)8/23/1999 1:02:00 PM
From: pater tenebrarum  Read Replies (1) of 94695
 
Steve you are wrong - the Fed is pumping liquidity into the system at an unparalleled record pace. this year is shaping up as a record year for coupon passes and the money thus created finds it's way into the market immediately, every time. i don't really know what the rationale behind this wide opening of the monetary spigot is, but it serves to inflate the bubble, of that there can be no doubt. since no-one is willing to prick it, it will just continue to expand. the bears are well and truly buggered....
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