3 replies to this topic

[Cirrus]

kisacik... I believe it was you that built some proprietary monetary/liquidity indicators. You posted them a few weeks ago. Would you mind posting them again--with updates if you have them? Thanks in advance, Cirrus

[arbman]

I think it kind of supports for one more rally until the end of May after this decline into the mid May, I don't know about one more high on all of the indices though since I think the speculation is slowly shifting to the large caps only and then the liquidity growth is looking lower for the summer. The Fed did another reverse repo today, but the Treasury has been injecting a bunch of short term repos... The market made 366 b/os yesterday, declining from 438 the previous week and 436 from the week before. This is a very high number compared to the early Jan-Feb highs that will be hard to surpass unless some ample new liquidity comes in the weeks ahead and that's unlikely. So, the next high is likely to be with narrowing leadership and breath, it should last for the summer according to the liquidity picture. - kisa

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Edited by kisacik, 10 May 2007 - 11:35 AM.

[Cirrus]

Wow---thanks a lot kisacik.

[arbman]

You are welcome...