The Fed added liquidity to the market on Tuesday in an effort to help it absorb the $59 billion in new Treasury bills it is going to have to swallow on Thursday. I would expect the Fed to add again on both Wednesday and Thursday in an effort to avoid a market catastrophe. If Bernanke succeeds in preventing any major market disruptions he can chalk it up as a victory for now. 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.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
