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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Hawk who wrote (7016)5/4/2001 1:44:55 PM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
I'm not sure what Larry was talking about. Money supply growth has been something like 15% as of late. This is from a post of Lee's earlier:

Thursday, May 3, 2001

Fed adds combined $8.750 bln temporary reserves - Reuters Securities - 10:46 am
Fed says buying TIPS for delivery Friday - Reuters Securities - 10:44 am
Fed adds $2.0 bln reserves via 28-day repos - Reuters Securities - 9:38 am
Fed adds reserves via 6-day, then ovenright repos - Reuters Securities - 9:36 am

Add 200 bp of rate cuts, and there's a lot of funny money floating around out there.

Don't know if anyone sees something else going on.