strikerm3 Posted February 10, 2003 Report Share Posted February 10, 2003 That Bank of America call is just plain stupid. Must be that Tom Mc Anus again. Everytime he ups his allocation the market tanks shortly thereafter. Good morning guys. Since you mentioned BAC. I bought some puts last week. May 65s. My target is below 60. Any opinions here? Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 The reverse repo should not refund. That would have made it a MSP/matched sale purchase agreement. Just today's feed, methinks. Doc? Link to comment Share on other sites More sharing options...
EasyAl Posted February 10, 2003 Report Share Posted February 10, 2003 "The best thing we can do for our country is to keep buying, keep showing up, keep doing the things that make this country great," Reed says. "I don't think this war will be prolonged. Our boys and girls will get it done, and it will be quick. It's just a matter of finishing up old business, basically." more here Link to comment Share on other sites More sharing options...
depends Posted February 10, 2003 Report Share Posted February 10, 2003 GF - Is the feed 4.75 today? None maturing? Link to comment Share on other sites More sharing options...
Drano Posted February 10, 2003 Report Share Posted February 10, 2003 OFF TOPIC Last night on Mark2Market I referred to an author whose name I mistakenly mispelled as Edgar Allen "Poe." Obviously his name is Edgar Allen Poo. If you're not too familiar with his work, one of his famous short stories is "The Telltale Fart." Link to comment Share on other sites More sharing options...
strikerm3 Posted February 10, 2003 Report Share Posted February 10, 2003 Wow so many people on this thread this morning. I love it Hello everyone!! Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 None maturing. Only question is Cchan's thought that the reverse rp requires an add today, which I don't think to be the case. Hoping that Doc can resolve that one, but I'm quite sure that it's not an MSP. I think that it's net 4.75 total added today. Link to comment Share on other sites More sharing options...
Guest Posted February 10, 2003 Report Share Posted February 10, 2003 CBOE PCR 9:00 AM CST Equity 1.16 Index 1.05 Overall 1.12 Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 A reverse repo has the same effect as an MSP, which the Fed is no longer doing. They are doing reverse repos instead. In essence the Fed borrws on Friday and repays on Monday. It is an add. Link to comment Share on other sites More sharing options...
Cchan Posted February 10, 2003 Report Share Posted February 10, 2003 None maturing. Only question is Cchan's thought that the reverse rp requires an add today, which I don't think to be the case. Hoping that Doc can resolve that one, but I'm quite sure that it's not an MSP. I think that it's net 4.75 total added today. "The Feed astounded everybody with $2.5 billion in weekend reverse repos, on top of $8.25 billion in expiring repos, for a net drain of $10.75 billion. The $2.5 billion will be added back Monday. There are no repo rollovers Monday. " This is a quote from weekend anal, so i guess add back. Link to comment Share on other sites More sharing options...
NewStudent Posted February 10, 2003 Report Share Posted February 10, 2003 Ok, Should I buy the dip in AMZN? Is that pig finally cracking? Link to comment Share on other sites More sharing options...
Guest sigmoidoscope Posted February 10, 2003 Report Share Posted February 10, 2003 If bully can't bounce it from here, I think he's in real trouble, and we're probably heading down to the October lows for a test. If we bounce off them, it would be a corker. If we do not and go lower, the bulls might lose some of their euphoria and start to panic in a series of '90% down days' Link to comment Share on other sites More sharing options...
DrStool Posted February 10, 2003 Report Share Posted February 10, 2003 The SPX was 13 minutes late hitting the 10 AM cmap. WTF! Link to comment Share on other sites More sharing options...
HardAssets Posted February 10, 2003 Report Share Posted February 10, 2003 Starting to see some larger players selling puts, which historically happens somewhat close to a short-term bottom. Be careful out there. Even if Doc's cmaps are hit around 820, that is not very far from here and as Doc said in his interview I believe, a short-term rally can come at anytime, although the biggest part of the decline can be right ahead. Very dangerous trading environment. IMHO Link to comment Share on other sites More sharing options...
GregFokker Posted February 10, 2003 Report Share Posted February 10, 2003 Thanks, all. Link to comment Share on other sites More sharing options...
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