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Technical difficulties, do not adjust your set – WSE Pro

On the last day of the year, the Fed aggressively added reserves and pushed stop out rates on the repo auctions down dramatically, to levels well below the Fed Funds target. The aggressive action came even though Fed Funds had traded 24 basis points below target on Friday evening. All of which raises the question, why? Was it just a year end technical adjustment of some kind? Was the Fed acting to prevent a decline in the market on the last day of the year? Is there some news being held back that we’ll hear about over the holiday? 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.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, 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. 

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