MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

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4:00 PM EST

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To: marginmike who wrote (65778)	1/3/2001 10:24:44 PM
From: Square_Dealings	Read Replies (3) of 99985

I guess that's what happens when you have commercials with record short positions and the Fed injecting huge sums ahead of a surprise rate cut. One question I have is why does the Fed inject such large sums last week and early this week AND spring a 50pt rate cut? After taking his sweet time to do anything, Al puts the pedal to the metal. I think there's a lot that we don't know about, like big banks in trouble getting saved by the bell. Nice to have friends in the right places. Still seems like a panic move by the Fed to combine the rate cut and injections within days of each other. M.

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