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

To: Oral Roberts who wrote (14486)	11/27/2002 10:30:16 AM
From: Challo Jeregy	Read Replies (2) \| Respond to of 57110

A day early - Reuters Fed adds $5.0 bln reserves via 29-day repos Wednesday November 27, 9:17 am ET ----------------------------------------------- I said this on Monday - Monday, Nov. 25, 2002 overnight repo, 4B 4 day repo, 4B expiring repo's a 5 day repo of 5.5B exps WEd, 27th a 28 day repo of 3B exps Dec. 19th a 28 day repo of 5B exps Dec. 12th a 28 day repo of 5B exps Dec. 5th all other repos have expired. ----------------------------------------------- There is an obvious pattern etched out above. If the patterns holds true, and I expect that it will, Friday, Nov. 29th, the Fed should open a large 28-day repo that will expire Dec. 26. I would expect a 5B repo but it could be more. And I expect Friday will be an up day in the market. DOH! ---------------------------------------------------------------------------------------------------------- On top of all of this, yesterday they added an overnite repo of 8.5B. Since it expired today, they replaced that with a 5 day repo this am, of 7B. To note, NONE of this funny money has been permanent injections -