Reassuring The Market

Federal SealRumors began mounting late last week about emergency meetings and the use of Reverse Repos leading some to speculate an end to the Feds easing of credit markets may take place sooner rather than later.  Rumors which some feel lead to some end-of-week unease and selling pressure.  In an effort calm those fears, the NY Fed issued this statement today that Reverse Repos have always been an option and they’ve been working on them over the last year for *when* needed.  The market seems to want to go higher but its not going easily which leads me to believe not all market participants are buying the story.  Do you?

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