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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (264509)	10/23/2003 7:35:28 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

This kept us propped up to the close From John Succo - minyanville $17 billion repo injection The Federal Reserve injected a rather large $17 billion into the system this morning through the repo market. It is not month end and there is no government bond auction. We don't know if there is a good reason why the Fed would inject so much liquidity (they don't tell us mere mortals), but it is rather coincidental that it comes the day after a larger than normal (at least recently) down move in the market. I have stated before that lower volatility encourages investors to buy stocks and I stated yesterday that liquidity (at least in the short run) mitigates volatility. So without another good explanation I must conclude that the Fed is targeting lower volatility and a higher stock market.

To: Lucretius who wrote (264509)	10/23/2003 8:25:21 PM
From: Trumptown	Read Replies (1) \| Respond to of 436258

>>do the clowns have enough dough to keep buying?<< -I dunno, 'they' say there is still much money on sidelines...what are they gonna do? buy CDs? still have: election year + don't fight the fed I think the reason it's getting a little heavy here is the resistance at 2000 stockcharts.com[h,a]waclyyay[pd20,2!b200][vc60][iUb14!La12,26,9]&pref=G Since we're going into Nov and Dec, I'm gonna give it a little time here...but, will be watching low end of trend line pretty close...around 1860 at the moment...if that breaks, no more clownin' around for me. stockcharts.com[h,a]daclyyay[pd20,2!b200][vc60][iUb14!La12,26,9]&pref=G