FED REPO INJECTIONS HIT RECORD LEVEL: Global Contagion Negatively Impacting Financial Markets

The Fed injected a record amount of liquidity this morning via its Repo Market Operation to supply dealers in the interbank market.  While investors may be reassured by the huge 1293 point rally on the Dow yesterday, the global contagion and its impact are just beginning.  Don’t be surprised to see a 40-50% correction in…