I think the markets will fall "eventually", nothing goes straight up forever. With slowing in the housing and auto industry one can expect a recession going into the second half of 2007. I think in order to keep this rally really really moving a pullback is somewhere deep in the deck of cards.
it`s about the here & the now....................anticipation has been detrimental too many accounts!
Repos are repurchase agreements by the Fed, it is a loan to banks below the Fed Funds rate. A way to add money to the economy creating demand for securities if that is where they choose to use the mney. The increase in July was about 20%, which correlates to the rebound in the market. A great book to read about the FOMC is The Creature from Jeckyl Island. http://en.wikipedia.org/wiki/Repurchase_agreement#Federal_Reserve_use_of_repos
You have shown yourself to everyone reading this thread that you have NO IDEA what you are doing. Your Ego is simply too big to allow you to follow the flow of the market, let alone do so with any objectivity whatsoever. The fact that you did not even know what a "repo" aggreement is . . . is most telling. Welcome to Elitetrader.
today's Fed pump: $8.25b vs. $Zero expiring. nice juice, ho ho ho. that makes a net $31.5b floating out there. http://www.newyorkfed.org/markets/omo/dmm/temp.cfm
I used to think that having inside info was valuable...well that aint worth a thang compared to knowing this dope's outlook....the minute he throws in the towel on the short side the mkt will vomit....I wonder when his puts expire....LOL
why do you think some of the brokers keep the commission so low? because they want your order !!! so that they can take the other side !!! They make more money that way.