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$7-9 Billion POMO Starts
Today's $7-9 Billion POMO focusing on bonds due 2018-2020 has started. This one wil be carefully watched because if Brian Sack can't create at least some "wealth effect" when Europe's (and America's) taxpayers have just doubled down by another $100 or so billion, then the wheels will really be falling off the Keynesian endgame wagon. As for the POMO, the most amusing inclusion CUSIP is the PC8 due 11/15/2020: this is the 10 year auctioned off just two weeks ago on November 9.

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And as crude oil continues to collapse, discrediting the Peak Oilers...
The retail stocks continue their relentless move to 2-year highs.
Looks like the "unintended consequence" of world record money printing is an unparalleled consumer spending boom.
LOL...
"And as crude oil continues to collapse, discrediting the Peak Oilers..." I find it funny (an you are not alone in this ROBO), how someone will take a couple of day's price change (up or down) to argue against a fundamental theory. When price goes up next week, what will be your rationale?
This is Robo...there is no rationale.
But there is a chart! Multiple charts showing upward moves in a market down almost double / triple digits!
But, what the fuck, let's hand select some up stocks and cheerlead it. YEEEAAAHHH.
Exponential increase in the number of oil wells, over the last ten years, to maintain flat oil production... (that should scare the shit out of everyone...who is half awake)
Your shots at Peak Oil are going to disappear as fast as your Alf charts and Johnny Bravo.
Then on to your next set of nonsensical viewpoints....
um...if they can't move their HFT faves like BAC and GE higher, the game is ending.
both are red now.
And poor Karl Denninger....
Watching all this POMO money lift the stocks with the most absurd P/E ratios to even higher highs....
Time to come out and reveal yourself as a bear dressed up in a bull costume...you read Karl Denninger, Alf Field, and Jim Willie at every opportunity.
um...if they can't move their HFT faves like BAC and GE higher, the game is ending.
both are red now.
AUD/JPY dropping too......not good, Brian, try harder.
The REITS are continuing their gravity defying IN-YO-FACE levitation act, again.
Last week's must-have investment, CUSIP PC8 due 11/15/2020, is this week's buyer-of-last-resort purchase.
It depends on what the definition of "not", "going", "monetize", and "debt" mean. It can get quite confusing to the lay-person.
Maybe Bernanke did not pinky promise, so he can't face financial-treason charges?
Seems like anytime the CDO spreads start blowing out in Europe.
Investors immediately start dumping "hard assets" like gold and oil, and start pilling into "gimcrack" stocks like Best Buy.
You lost me at "Investors".
What are these 'investors' you speak of? You using some new strange pig latin type language or what?
Does anyone know what Wadell & Reed is up to?
Well, one thing is for sure about these selloffs.
Money simply piles right back into bonds, driving interest rates back down to 45-year lows again.
Anything it takes to get the "Animal Spirits" going.
Ewww...I like that. It's not canned garbage, which is nice.
What is this 'money' you speak of, RoboT?
'BONDS" oh LOL that one slipped by me Robo....YEA thats surely what bankrupt unemployed foreclosed on Mr and Mrs America are doing right now, piling into U.S. Gooberment bonds!
Can we use tomorrow's POMO today if the 9000 million isnt enough today ?
Just askin ?
$9,000 million...sheesh look at this damn mess! And people are so conditioned to it they think its just the 'new normal'! 9,000 million dollars to prop the crap up just for a DAY!
HOW LONG can that garbage POSSIBLY go on for...can not be long!
I cant wait till very soon (probably already going on now) when these banksters have no more blood to suck and they start going after each other, hostile takeover style!
Not much 'wealth effect' materializing so far. I wonder when the POMO cavalry members will finally admit that POMO is NO'Mo?
Sure it is....in Barbados, the Virgin Islands, St. Thomas, and the Caymans.
It does give better selling points thks pomo.
It also provides EXIT points for actual investors such as boomers. This is a really perverted way to ensure that absolutely nothing but d-bag traders are left.
Looks like the worry of the day--besides POMO and the short T auctions and Ireland and "contagion"-- is if the dollar index might break out to the upside again like last week.
POM-Oh shit...
REITS still in the green...like a bobber in the water, you just can't keep that shit down. Stip malls and unoccupied big-box malls are just flat undervalued. It's pretty simple, really.
What can I say? Some people underestimate the utility of kindling.
REITS riding on nothing except providing a convenient toilet to the homeless villages--just like the beachfront condo strips of Venice, CA and Miami, FL.
It ain't over (today) until the SPX breaks 1190.
Does anybody know what time they jam this and start the mysterious but relentless grind up to +22 on the DOW at the close? I'm guessing 2:00pm EST but, hell, they might start early today.
Using Microsoft's Kinetic interfaces, traders pumping stocks will receive additional conditioning stimulus, surpassing perceived monetary reward.
Everything is proceeding as planned.
"Convolved Man": a Wharton MBA should write a thesis about your avatar. Nice.
Sack et. al. has to jam all the buyers of dollars right now... They need to put the € on the PD buy-in list after lunch, then we can have a proper POMO rally.