You Can Kiss It Goodbye

``Shockingly, the Fed did more draining operations today after promising everyone tons of liquidity. Meanwhile, at the Treasury auctions today, indirect bidders including FCBs took $5.6 billion more of the 13 and 26 week bills than they had taken of the expiring bills, but $7 billion less than last week, suggesting some slowing in the panic flight to safety out of other investment types.''