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Market caused a lot of RED to show up in my account today ! Trying to have a good weekend, Derf
No Derf - Likely they’re loading up the cannon as we speak to fire off an even bigger repo round Monday. Hopefully some of the blast will land as far away as China.
@hank, that 6.16 BILLION was just 1 of many done deals if I'm reading that right ?
@Derf, Yes. Looks like the $6 Bil is a daily transfusion intended to keep patient healthy. Keep in mind, however, to these guys $6 Bil is just “chump-change“.
The Chinese are far ahead of the Fed: “To calm jittery investors, the CPC decided to inject $174 billion into the financial markets through open market reverse repo operations. Additionally, the CPC also banned short-selling and banned major shareholders from selling stock for six months.”STORY
We’ll need to catch up. But I’ll have trouble subsiding if we’re banned from selling our funds just to make the market go higher. (Can’t eat that NAV).
Thanks for the question @Derf. Like the Fed - “The gift that keeps on giving ...”
Comments
Here they are hard at work right now ...
($6.160 billion)
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
Interest 1.5 % ?
Thank for the info, Derf
The Chinese are far ahead of the Fed: “To calm jittery investors, the CPC decided to inject $174 billion into the financial markets through open market reverse repo operations. Additionally, the CPC also banned short-selling and banned major shareholders from selling stock for six months.” STORY
We’ll need to catch up. But I’ll have trouble subsiding if we’re banned from selling our funds just to make the market go higher. (Can’t eat that NAV).
Thanks for the question @Derf. Like the Fed - “The gift that keeps on giving ...”