Monday, September 15, 2008

Breaking news...the Fed just added another $50 billion in new cash to the financial system. This daily total of $70 billion exceeds their actions during the 9/11 crisis.

3 comments:

Anonymous said...

Deborah,

If I recall correctly from your book, one sign of a bullish opportunity is when the Fed starts increasing the money supply. The VIX is above 31 (although below levels seen in Jan and March) and we have an upward slope in the Yield curve so do you consider the US market at a point where we should be aggressive purchasers?

Dave

Kumbu said...
This comment has been removed by the author.
Deborah said...

Please refer to the chapter on commercial paper and wait until that curve is normal. Last week the CP curve had a gap in it which is MOST unusual - and bad news. Deb