Replies to post #200232 on Zeev's Turnips Patch-No Politics (ZEEV)

[Train Guy]

Markets don't seem to care about the ricin. I guess it might be because it isn't a disease that can spread. Still it's a terrorist attack no matter who did it. And strange, the Inet leaders, AMZN and YHOO are down today. Even EBAY is down a little. I guess people aren't going to stay home.

YHOO breaks $46.

[federal reserves]

ieddyi> In the big picture

not unusual to see FED/NYC banks drain during JAN/FEB taking back the excesses of the holiday pumping in Nov/Dec. Oft times FEB is a bad month because of it.

I hope they hold the repo stack low, and only provide support on big tank jobs in the SM and during treasury operations, rather than ramp it during options and month end as they have been since the March/03 lows, it helps the bear case.

It does appear the market is making a new channel to the downside. I hope for SnP 1115 soon, cutting under last Tuesday's lows, to confirm it.

Hopefully with the drain today, they sell it hard into the close.