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Strategies & Market Trends : Short Selling, Dark Side, Bubble Busting Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (108)	5/5/2005 1:05:21 PM
From: russwinter	Respond to of 361

It's the Treasury flooding the market with their TIO program, more so than the Fed. Apparently they now have some extra funds around because the AMT creep. So the consumer gets poor job growth, a tax increase, ARMs rate resets, higher inflation in things outside of the Land of Oz that people need.

To: orkrious who wrote (108)	5/10/2005 10:51:42 AM
From: russwinter	Read Replies (4) \| Respond to of 361

We need to see volume really start expanding on this selloff, maybe closer to two million by day's end: finance.yahoo.com Fed did a small repo drain of 1.75 billion, and a 3.0 TIO expired. If they don't show up with more paper out of thin air, the markets will start choking of new Treasury issuance starting next week. 18 billion in TIOs go off Thursday. We are at a crossroads, but I feel the B-C rally phase is over. The bond market no longer has the specs shorts to squueze and the FCBs still look MIA. Could get real dicey there.