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To: clochard who wrote (82463)1/5/2000 2:42:00 PM
From: pater tenebrarum  Respond to of 86076
 
something like that. it goes to show that yesterday's 'reason' for the sell-off (interest rates) was nonsense. it was the one and only day the Fed drained reserves, today they added, and so the party continues.



To: clochard who wrote (82463)1/5/2000 2:44:00 PM
From: oilbabe  Read Replies (1) | Respond to of 86076
 
CNBC just announced that the selling is over. 2 days and 2.8 billion shares...that's enough for now say the traders....Watching the utilities today you knew this rally was coming. I don't understand it, but the utilities were a clear sign, especially in the face of the bond tanking!


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