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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: quote 007 who wrote (41512)	1/25/2001 2:07:54 PM
From: Lee Lichterman III	Read Replies (1) of 42787

The Fed buys back short term notes and coupons which puts cash into the market. Since no one wants to sit on cash, that money is put to work almost immediately and is used to buy investment vehicles. Since the money was received by giving up notes, it obviously isn't going to be used to buy more notes so it generally goes directly into stocks. Thus the market tends to move up, or at least stay higher than it would had it not been done. The fed has been adding between 6 billion and 15 billion a day since hte new year. I forgot the exact figure but it is already somewhere in the range of 196 Billion dollars. We just lost power then it came back on and went off again etc. I am closing all positions and cancelling all orders. Cancelled my LEAP call buy order and closed out my Puts just now at 7 1/2. I am now flat until I see if the power will stay on or not. Man I left a lot on the table here. What did I say about my luck <ggggg> Whoops, just had a brown out, I am logging off and shutting down. Good Luck, Lee

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