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To: Joe Stocks who wrote (71000)9/3/2002 10:45:48 AM
From: J D B  Respond to of 208838
 
I watch religiously, and you're right - $11 Billion is a large amount for one day. Interesting though that it's not having that big an impact on the market, the dollar, or gold equities. This is important as I believe it is a leading indicator of the lack of strength in the market.



To: Joe Stocks who wrote (71000)9/3/2002 11:07:39 AM
From: J D B  Read Replies (1) | Respond to of 208838
 
Joestocks; re: the $11 billion the fed put in this AM
Almost $5 billion of it was probably used to repay the $5 billion 4-day repurchase they issued on Friday to try and keep this market afloat.

Like paying one credit card bill by borrowing from another credit card!


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