AG has had the money pump on
lately, since late Oct, the total holdings of loans and securities is on the high side of his recent range. With last weeks 40 billion in treasury operation settled he may be less supportive this week. The last time Al's holdings were this high was Aug, right afterward the market tanked as he began to tighten up. I don't think he can't continue to pump heavily in the face of rising PPI and CPI numbers, the bond markets will tank, and rising consumer rates might terminate his hopes for recovery. He has to be careful. Everyone is watching his moves on the chess board. Lets watch old maestro earn his money, or take the ship down. With the credit bubble he developed, his work is cut out for him. Nearly everyone expects AG to be successful.
