wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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MP3 file- WSE discussing:
http://feeds.feedburner.com/~r/WallStreetExaminerRadio/~3/111956323/wse42507.mp3
MP3 file- WSE discussing:from the Wall St Examiner today.
"In actions that are unprecedented, at least since the days immediately following 9/11/01, the Fed added a net of $16.5 billion to the market, and scheduled another $18 billion to be injected on Monday"
"In actions that are unprecedented, at least since the days immediately following 9/11/01, the Fed added a net of $16.5 billion to the market, and scheduled another $18 billion to be injected on Monday. The Fed did $2 billion in overnight repos, $14.5 billion in 8 day repos and $16 billion in 5 day forward, 3 day repos settling Monday. There were no expirations today. These actions set up $44.5 billion in expirations for next Thursday. They raised the 5 day net to an add of $17.66 billion, after having been at a drain for most of the prior week.
This add is on top of $89 billion in Treasury debt paydowns last week, and $4.6 billion at this week's auctions. The timing of the Treasury auction settlements means that $22.5 billion in paydowns will hit the market on Thursday, but next Monday they will raise $17.5 billion in new cash with the settlement of 2 and 5 year notes and 5 year TIPS. Could that be the reason for the forward repos? If so, it suggests that one or more of the primary dealers may be under stress. My guess would be that it is Countrywide, the only one whose primary business is mortgage banking."
Yer, I'm a bull tonightAnd here we go again Wayne......
Apple obviously reported stellar earnings, all to a record high....
With MSFT to come after the close, nothing can stop the rampant bulls from running in the US...... You just don't want to be short in this market at present!
Cheers
Yer, I'm a bull tonight
Waiting for it to take out yesterdays highs (grey dotted line) before getting too excited, still a couple of points away.
I hope my cousins aren't waiting in ambush.
given the weakness in Aus today there could be some follow through into Europe later - FTSE could come off a bit on the back of the miners. unfortunately out of FTSE for the moment - probably prematurely, but short the SMI, Dax and Dow
Whats your thoughts on the Spain 35 Edwood? More downside i reckon.
Cheers,
For interest just read an article
Question can anyone remember what YEAR the DOW last rose 18 out of 20 days.
Its current 8 up 1 down 7 up 1 dow currently 3 up
Now if the peson had not mentioned the year in his first sentence I may have thought 1987
However the last time the DOW was up 18 out of 20 days
1929 does history repeat
hi Can - not sure to be honest I've never looked at it. Haven't got my system in front of me right now but will have a look later. At a guess if the bigger markets are off in Europe it will probably follow suit
Where in China are you? (if you don't mind me asking)
Yes, China. Have you heard the news on the Spanish stock market Edwood? Reports saying it has further to drop, i think it was on the property thread. Anyway the day before yesterday saw a big drop, one to watch anyway.
Cheers,
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