Shocking! Simply Shocking! WSE Pro

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The Fed conducted a couple of enormous operations over the week that we were away, the most notable being last Thursday, with an unprecedented $38 billion in 1 day, 4 day, 7 day and 14 day repos, against an even more unprecedented $49 billion in expirations. Shocking, simply shocking. Things were a little more mundane here on Monday, with a net drain of “only” $4.5 billion. The net result of all that activity on the week was a 5 day net drain of a measly $750 million, in other words, lots of sound and fury, but no movement. But it didn’t stop the stock market from marching upward. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today.