Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Jerry Olson> IMHO Sentiment doesn't move the market

liquidity does. Yesterday, big AG pumped like a madman,
mearly 5 billion in fresh money, including a 1.4billion
dollar coupon pass, direct monetization of the debt.
Liqudity pumps the market and sentiment follows. People
will point at news events as casual events too.

Lets see how far AG can take it, before inflation becomes
the concern. Already this year, the FIG, PPI and CPI are soaring, for now the stock market is giving AG a free ride, not so sure the bond market will rates are rising quickly.