Short Term Trading Member Forum

[Blackbelt1]

Some careful study of Federal Reserve operations on this page is warranted:

http://www.bullandbearwise.com/Default.asp

FOMC began ramping up to record levels in November and December and hit a peak on January 3--the day the market took off like a rocket. This type of Federal intervention is not sustainable nor good for the economy in the longer term. It is amazing that the Fed would engage in this kind of activity to ensure Greenspan's legacy, but that is what it appears to be on the surface.

It is also interesting that M3 is the form of money supply that has been increasing most dramatically--and the very one that the Fed will stop reporting in March.

So much for the idea that the market is not manipulated.

BB