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Strategies & Market Trends : 02 tax loss season;Mother of all buying opportunites? -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (201)	6/7/2003 10:57:45 AM
From: russwinter	Respond to of 212

There is a very important followup to this Bosler piece (reference page 3 for recent activity). I have added the Fed Repo numbers to the indicator array I am using and have observed a very noticeable contraction in the repo adds. Starting on May 21st the Fed has really hit the brakes, allowing 62.25b in repos to expire, and adding RP temps of 29.5b. This leaves the RP pool standing at only 19b as of Friday, June 6. There have been no permanent adds since early May. It would appear that the panic injections of the late Feb- early May period is history, and the Fed instead is reining in an overshot. Obviously this may also signal that a market reversal may be at hand.

To: ild who wrote (201)	6/7/2003 11:01:40 AM
From: russwinter	Read Replies (1) \| Respond to of 212

There is a very important followup to this Bosler piece (reference page 3 for recent activity). financialsense.com I have added the Fed Repo numbers to the indicator array I am using and have observed a very noticeable contraction in the repo adds. Starting on May 21st the Fed has really hit the brakes, allowing 62.25b in repos to expire, and adding RP temps of 29.5b. This leaves the RP pool standing at only 19b as of Friday, June 6. There have been no permanent adds since early May. It would appear that the panic injections of the late Feb- early May period is history, and the Fed instead is reining in an overshot. Obviously this may also signal that a market reversal may be at hand.