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To: MythMan who wrote (337678)	7/2/2007 8:57:09 AM
From: Real Man	Respond to of 436258

I explained the view - a minor correction. Some down, maybe 200 DMA. Then watch the back room -g- When the World stops accepting dollars, then it's BK time, HUGE and FAST -g-

To: MythMan who wrote (337678)	7/2/2007 9:09:06 AM
From: Real Man	Respond to of 436258

Definitely more printing will be here this month. Message 23667871 If the market does not react to it, sell it -g- If it does, oh well, the bulls win this one. On the other hand, if the Fed is late, then we might just have a quick BK similar to Feb. 27. It could be large in magnitude -g-

To: MythMan who wrote (337678)	7/2/2007 10:23:21 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

A part of the back room called securities lending -g- I guess they are still a bit afraid to print outright. These are all April/May coupon passes ny.frb.org Count 3 months from the first coupon pass, and that's the time liquidity is eaten (an empirical observation) and a minor correction starts. The end of the minor correction usually coincides with the first coupon pass of the next series, and some other liquidity supplied by the treasury. (Actually, the biggest up days occured 1 day in advance of the coupon pass during late Greenspan era, now I think they more or less coincide; I guess nobody tips the right people anymore -ggg-) That's when the Fed decides the market has declined enough already. Well, the Fed stopped outright printing in the beginning of May, and it's about 3 months from the start of the last liquidity campaign, so we should have a correction. But it is wrong to think the Fed won't print again - it's their job. To protect against inflation, of course -g- BK will only come once the Fed does not matter.