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Thomas Alva Edison


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500M net add.

 

Open Market Operations

Temporary Open Market Operations: 02/11/2003

Maturity Date: 2/12/03

Delivery Date: 2/11/03

The Desk has entered the market announcing: O/N RP

Temporary Operations Statistics:

Treasury Collateral Operation Agency Collateral Operation Mortgage-Backed Collateral Operation

Weighted Average Rate

1.236 1.270 NA

Stop Out Rate (Lowest Rate Accepted) 1.230 1.270 NA

Highest Rate Submitted 1.240 1.270 1.250

Lowest Rate Submitted 1.190 1.230 1.240

Total Propostions Submitted (In $Bil.) 18.150 3.650 0.700

Total Propositions Accepted (In $Bil.) 5.150 0.100 0.000

 

Total Money Value of Operation (In $Bil.) 5.25

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Oh yeah... its also a nice finger formation on the NAS chart today, QQQ chart etc....

 

Typical hysterical moves to clean the shorts out quickly... the wimps that most of them are...

Doesn't take much to stampede the shorts. I'm short and staying that way -- screw da boyz.

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I think we need a double flusher from Mousey. :grin:

BigWave, let's try this first. If it doesn't do damage and collateral damage in the next hour, I'll start dropping my "weapons of mass destruction." After all, we don't want to blow our wad on what turns out to be nothing but a bull trap. :wink2:

 

cananimation.gif

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10:00am 02/11/03

No further stimulus needed now, Greenspan says By Rex Nutting

The U.S. economy doesn't need another boost from the Federal Reserve or the Congress at this time, Fed Chairman Alan Greenspan said Tuesday. In his semiannual testimony to Congress, the Fed chairman devoted more time to the questions of war, budgets and taxes than he did to the traditional concerns of monetary policy. The uncertainties of war against Iraq stand as the major obstacle to an economic recovery in the short run, he said. In the longer run, the decisions on taxes and spending will determine how much "real resources" are available in the economy. He gave ammunition to both parties.

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