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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (35725)	12/22/1999 10:34:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>9 billion bucks in repos? they're acting as if we were in the midst of a panic... << Apparently they are panicing since they aren't done yet.... Wednesday December 22, 10:16 am Eastern Time Fed says 11-day forward repos totaled $10.935 bln NEW YORK, Dec 22 (Reuters) - The Federal Reserve said it added $10.935 billion to the banking system via Wednesday's 11-day fixed-system repurchase agreements, to settle on Dec. 27 and mature on Jan. 7. Earlier in the session, the Fed added $8.995 billion to the banking system in 36-day fixed repos for tri-party settlement. biz.yahoo.com Why bother to short when everytime the market tries to slow down, they pump in more cash. This is getting ridiculous. There has to be a motive besides teh Y2K stuff. There is a bank in trouble somewhere or else scientists found a non-Y2K compliant clock deep in the earth's core that is going to blow apart at the stroke of midnight next week. UFB!!!! Good Luck, Lee