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Old 08-10-2007, 07:34 PM
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Spirit Of Truth Spirit Of Truth is offline
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Quote:
Originally Posted by Josey View Post
CNBC reported Dow up marginally for the week.

Derivatives do not close with the markets. They are still ticking away....

Globally we are over $200 billion injected in the last couple days; possibly more as I didn't see any figures on Japan, Australia, U.K. or Canada. European Union Central Bank I think was somewhere around 85 billion Euros or about $125-130 billion (could be wrong as I have seen a variety of figures but at least in the 85 billion range).

All things considered what would we expect with such injections of credit?

The great question is what exactly do all these Central Bankers know that we don't? What do they see? I do believe it is more than a few panicky investors.

The actions around the globe should get even the calmest to sit up and take notice. This isn't your typical central banker actions. Neither is the Fed when not just once or twice but a full three times in one day, they inject more. And then talk of a rate cut even though it takes 6 months to have a real effect in our system.

There's no calm or rest to those that follow this stuff. Derivatives never sleep....

Josey
I think you are right on the mark Josey. Something is going on behind the scenes that is spooking the central banks.
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