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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Softechie who wrote (66681)5/14/2002 11:06:54 AM
From: 1podstock  Read Replies (1) of 99280
 
Softechie..did you read Dr Stool's commentary on Fed injections and how they're doing it lately?

pretty good article.

basically: Fed in past couple of days has been determined to hold the 1570s that we were at last Tuesday and then 1600s even more so.

This has all been driven by MASSIVE S&P futures buying. And as you know, this ALWAYS leads to indices rising. Which, in turn, carries all stocks (the good, the bad, and the ugly) higher, however temporary it may be.
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