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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (1663)10/27/2003 12:30:39 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 110194
 
Mish; keep an eye on this
biz.yahoo.com
Now you might see that M2 was down
but that was OCT 13th..
Look at all the liquid since then..
and they have started buying back
coupons and treasuries instead of just
doing repos..so that adds what is called permanent
liquid..and it makes sence to me for them to buy back with
the dollar low.
---
Had they not did this the market would have tanked
a lot harder last week..the rub is the market still
went down with them adding liquid..so we look like
we made our top a week ago, but that's not confirmed
yet.
If we do rally from here but don't make a new high before
we come back, then this little support line is going to
break..
Jim