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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: anon who wrote (11163)12/6/2001 2:15:24 PM
From: Paul Kern  Read Replies (2) | Respond to of 99280
 
Fed drained $1.250 bln via matched sale-purchases

NEW YORK, Dec 6 (Reuters) - The Federal Reserve said on Thursday that it had drained $1.250 billion in reserves from the banking system through overnight matched sale-purchase agreements.

Federal funds were trading at 1.875 percent in morning trade, below the Fed's 2 percent target for the rate.



To: anon who wrote (11163)12/6/2001 2:21:02 PM
From: orkrious  Read Replies (1) | Respond to of 99280
 
Well, one thing absolutely no one is thinking about is a very sharp pullback.

Once the shorts realize we go lower, does anyone really want to go long at these levels/valuations?


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