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To: Taikun who wrote (39200)2/13/2005 6:21:14 PM
From: Tommaso  Read Replies (1) | Respond to of 206223
 
Well January --as I understand it-- is usually the time that IRA, etc., contributions peak, and there was an outflow then.

As for what the Fed is doing, it may turn out that they are gradually reducing the rate of growth of the money supply, but it may take six months for this to affect the money going into the equity markets.

I hope it happens sooner myself. I am holding a big position in LEAP puts on the QQQQs that expire in January 2006, and I am losing a good bit of money on this position. I would like to get my money back, at least.

So, as often happens, I would prefer that you be completely correct, but I am concerned that you may not be.

federalreserve.gov

research.stlouisfed.org