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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (1220)	9/17/2002 10:06:18 PM
From: Perry Ganz	Read Replies (1) \| Respond to of 57110

<g> jessel.100megsfree3.com Perry

To: Jorj X Mckie who wrote (1220)	9/17/2002 10:34:04 PM
From: stomper	Read Replies (1) \| Respond to of 57110

FWIW, re the PPT. The Fed let 6.5 billion expire today without replenishing more blood into the patient. They have been hitting pretty solid on a 10% growth rate, but over the last 5 weeks have generally pulled back on how much they have been feeding the system. Either they know their efforts are/will be fruitless on the liquidity front or something else is up, b/c there has been a definite systematic reigning in of the amount of new money coming in. As of today, they are close to dropping below a long standing trendline of increases. Should be interesting to see if they dump a load on us tomorrow. -dave