R, I have no opinions on volume yet.
Yeah, the pp+. Almost like the tooth fairy.
Two times in my trading career the fed did some really cool maneuvering, but thats about it. One was the surprise intra meeting move in Oct 98, and as I recall, they did it late on the Thursday of expiry week! I mean, in my wildest fantasy, I want to be the guy who raises or lowers rates one hour before the close on the Thursday of expiry week. Then he did it again in April 01