Brian Sack Is In The House: Today's POMO Begins

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Thu, 09/30/2010 - 11:06 | 615426 scatterbrains
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Is pomo taking a poop or should we wait till 3:30 ?

Thu, 09/30/2010 - 10:26 | 615349 hedgeless_horseman
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Ctrl-P, bitches!!!!!!!!

Thu, 09/30/2010 - 10:28 | 615353 unwashedmass
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looks like everyone front ran the POMO today in stocks...should be interesting when it ends today.

Thu, 09/30/2010 - 10:35 | 615364 Pining for the ...
Pining for the Fjords's picture

Yes and I wonder what will happen when the nitrous runs out around 11:30? A boat-load of bad news, flash crashes, the mortgage fiasco uncertainty... do the shorts line up for a quick strike when the pump is over?

Thu, 09/30/2010 - 11:15 | 615469 EscapeKey
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"PPT" is what will happen.

Thu, 09/30/2010 - 11:43 | 615582 Pining for the ...
Pining for the Fjords's picture

They better get it in gear then- DOW down 120+ in the last 2 hours, despite pomo.   SPXU at 11:00 has been tempting me for some time on these days... damn.

Thu, 09/30/2010 - 10:31 | 615358 snowball777
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How many weeks until the Fed crosses-over with China?

(the Reds dropped what, 10% of theirs over the last year?)

Thu, 09/30/2010 - 10:49 | 615392 packman
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Yes - not sure why China's left out of the discussion.  As of July they held slightly more than Japan (though going in the opposite direction the last few months, being net sellers for a while now).

Japan's buying like crazy again too ($93B over the past year) - presumably in their effort to strengthen the dollar vs. the Yen.  So even if the Fed goes above $821B, that doesn't mean they've surpassed Japan.


Thu, 09/30/2010 - 11:01 | 615411 Caviar Emptor
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The Alliance members still trying to sustain un-reality by keeping yields low and creating inflation. That's an elite protecting its own interests. It's a desperate scramble and the stakes have gotten much, much higher. Meanwhile money flows out of the US and the alliance as fast as it can be replaced. 


Thu, 09/30/2010 - 10:32 | 615359 Bearster
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Interesting that 10- and 30-yr yields are up.

Thu, 09/30/2010 - 10:34 | 615366 alien-IQ
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I think the headline here buried the real lead. To me, the Fed becoming the single largest creditor is the real meaty story. There's more there to be had...dig in, you'll find gold in that story.

Thu, 09/30/2010 - 10:37 | 615374 Tyler Durden
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Ergo the bold.

Thu, 09/30/2010 - 10:49 | 615390 berated
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There's a Viking joke in there somewhere...

Thu, 09/30/2010 - 10:53 | 615398 alien-IQ
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I'm looking forward to more on it from ZH because heaven knows we won't be seeing the MSM touch this story until they get around to a postmortem Biography on Bubbles Bernanke.

great job, as always, Tyler.

Thu, 09/30/2010 - 11:02 | 615415 Caviar Emptor
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Thu, 09/30/2010 - 12:39 | 615768 Dismal Scientist
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Better not own too much of your own debt, otherwise you'll look like Japan and the $ will strengthen...

Thu, 09/30/2010 - 11:08 | 615434 heyligen
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And growing...

Thu, 09/30/2010 - 10:36 | 615371 Turd Ferguson
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Off topic but...keep an eye on gold today. The EE is trying to force an outside reversal day. If successful and they are able to shove it back down under 1300 by the close, a short-term top may be in.

So far, our buyer(s) of size have come in and driven price back up, nearly to unch. Let's watch the final three hours of trading to see what happens.

Thu, 09/30/2010 - 11:07 | 615432 cossack55
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But the EE has all that old gold....wait, thats a cigarette.  Will american tobacco become the new gold?  Inquiring minds want to know and have another drink.

Thu, 09/30/2010 - 11:22 | 615512 tmosley
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We got a friggin psychic medium here with a link straight to the minds of the EE.  Here we are with gold just above $1300.

Good call.

Thu, 09/30/2010 - 12:58 | 615840 Turd Ferguson
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Wow! The buyer(s) of size are really pissing off the EE today. Anytime in the past, today would have been a $20+ down day. Today, not so much.

Now that said, Dec10 gold is still down about $2.50 as I write. Any type of down close, even if its only $0.50, will paint an ugly, outside reversal black candle on the chart.

A very, very interesting final 30 minutes to come.


Thu, 09/30/2010 - 11:33 | 615547 Dr. No
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Its an epic effort! down to $1296 and look at silver.  It was to be expected, SLV was WAAAY over bought.  Grabbed a few puts this week on that signal.  After a drop to sub $20, I'll cash the puts and buy physical.

Thu, 09/30/2010 - 12:16 | 615693 tmosley
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That's a good strategy.  I'm just afraid we might not see $20 again.  I'll just be buying with cash whenever I can.

Thu, 09/30/2010 - 10:45 | 615380 lbrecken
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Why is not Congress more spec GOP putting an end to this sham.  The whole system should collapse this damn bubble BEN buying almost $1 T in debt when we only have what $13T oustanding cause GDP is under 2%?  Some better start saying something.

Thu, 09/30/2010 - 10:50 | 615393 goldmiddelfinger
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The market will speak soon. Very soon.

Thu, 09/30/2010 - 10:47 | 615383 InconvenientCou...
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The U.S. is like that idiot relative that shows up drunk to Thanksgiving dinner and hits everyone up for money. It goes on for years then finally, mercifully, the offender is thrown in jail with no one willing to post bail.

Thu, 09/30/2010 - 10:50 | 615394 willien1derland
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I wish ZH had a cable channel because the yo-yos I work with are all 'AMPED' about the 'good' economic news - I wish, in some ways, that i could achieve that level of naivety-POMO adjusted equity values are one issue & I greatly appreciate the coverage - but what is with the collusion with the large media outlets? Spin is one thing, outright fraud another - my concern is that the company I work for wants to increase production (i.e. inventory) due to the longer lead times from suppliers - the issue is our cash position does not support this optimistic approach & with banks about to come under additional pressure credit lines will contract & well....Need to choose the RED or BLUE pill I guess - thanks for the forum to rant -

Thu, 09/30/2010 - 10:59 | 615410 Xedus129
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Reminds me when I told this software company I interned for that they should diversify and stop selling to real estate brokers (in 2007).. They laughed at me.  Now they laid everyone off.. ha ha ha

Thu, 09/30/2010 - 11:11 | 615445 scatterbrains
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seems pretty simple to me..  the "media" moves stocks.. they front run their  own news stories.. I'm sure the SEC looks the otherway probably because all these crooks have dirt on eachother so better for the SEC to pretend they didn't notice anything going on.

Thu, 09/30/2010 - 12:04 | 615655 LoneCapitalist
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I know what you mean. Ignorance truely is bliss. It would be nice to go to bed just one night thinking everything is right with the world.

Thu, 09/30/2010 - 10:54 | 615399 carbonmutant
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GMCR is finding some love this morning...

Thu, 09/30/2010 - 10:55 | 615400 Dr. Engali
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What happens when the fed has to unwind this trade? Do they hold them to maturity?

Thu, 09/30/2010 - 10:57 | 615404 no life
no life's picture

The Sack must of lost his sack.. market going flaccid!

Thu, 09/30/2010 - 11:03 | 615408 Threeggg
Threeggg's picture

"Until it doesn't work anymore"

From the looks of it today that could happen at any moment.

I think that wall street and "the man" have under estimated one thing that emplores the common man to seek the truth.

"The Internet"

It's a war between Wallstreet and Gold.

Man 4 billion buys less than 2 hours of "Pump"

I guess a Dollar doesn't buy what it use too.

Oh well, Back to watching the POMO fail !

Have a great day !

Thu, 09/30/2010 - 11:04 | 615413 carbonmutant
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RISK OFF! Russel Futures going negative...

NFLX down $9 off this mornings highs...

Thu, 09/30/2010 - 11:02 | 615417 DavidC
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$4 billion?

That's a bit more like it, the $550 million the other day was pathetic and only caused a 100 odd point Dow turnaround upwards following the dismal figures.

With the Dow today doing a 100 point turnaround DOWNWARDS, let's see what $4 billion can do.

Sarcasm and irony off (as someone missed this on one of my comments the other day...).


Thu, 09/30/2010 - 11:02 | 615418 99er
Thu, 09/30/2010 - 11:04 | 615422 bankonzhongguo
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Just as a refresher, when the Fed was empowered in 1920-30s, it was only done on condition that the US government could provide ITS banker with a steady revenue stream .  Presto! Payroll Taxes.

Now, 100 years later, the Fed is emerging as the OWNER of America; its wealth, its future labor of its Citizens, the rights to the Land.  What new demands will the Fed (its ahreholders) levy upon us next?

Things are so openly corrupt in this; the Fed orders the Tresasury to issue bonds, which the Fed buys en mass, which the Fed then negotiates a later settlement when Obama defaults.

Would we would be better off if Al-Qaeda nuked the Fed?

Would it be an act of terrorism to destroy all paper and electronic and tax/title records in the local county assessor/recorder's office?

I don't think Congress will do it.



Thu, 09/30/2010 - 11:19 | 615493 Shameful
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Why would the CIA...errr... terrorists attack part of their power structure?  There was a coup a long time ago and they are just finishing up devouring all our wealth and rounding us up into physical, psychological, legal pens.  At least if people got focused on the Fed we might have a way out when people ask how they have so much power and no accountability.  I'll bet there has been a lot of regret over letting the Internet come to the masses, to much information about their crimes.

Thu, 09/30/2010 - 11:05 | 615425 contrabandista13
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I need a close basis s&p under 1136 and a gap opening under 1114 tomorrow for the back to back snake eyes....  It's a long shot, a real long shot, however I have a feeling that someone is going to shake the tree and if they shake it hard enough, there's a few elephants that might drop....


Someone throw me a bone here... Eco needs a pair of Guccis...





Thu, 09/30/2010 - 11:09 | 615439 barkingbill
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both faber and rogers think the market is going will eventually. wall street will eventually be humbled . im looking forward to it. 

Thu, 09/30/2010 - 11:10 | 615444 jbc77
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Whats up with the market faling off a cliff right after POMO?

Thu, 09/30/2010 - 11:10 | 615446 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Turn the machies back on............,Brian where are you.........Brian?..............

Thu, 09/30/2010 - 11:12 | 615457 barkingbill
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in the red baby in the red. 

their button on the keyboard got stuck...

Thu, 09/30/2010 - 11:18 | 615490 barkingbill
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the dow, nasdaq is running off a cliff, AAPL down 1.50% and falling

Thu, 09/30/2010 - 11:20 | 615495 cnbcsucks
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As goes AAPL, so goes the whole market...


Thu, 09/30/2010 - 11:23 | 615509 Xedus129
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U.S. stocks lose steam as technology lags

stupid technology, ruins the fun.

Thu, 09/30/2010 - 11:20 | 615500 Threeggg
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Man !

Benny is going to have to cut down another stand of tree's to get this POMO going.

I predict.........................................

"Tree's will become an endangered species within the next few months"


Thu, 09/30/2010 - 11:26 | 615522 Dollar Bill Hiccup
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I think Brian had his half brother, Li Ka Mi run this operation today.

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