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Details On Today's Market Intervention By The Fed's Brian Sack Released
Not only Vincent Chase is in need of an intervention: with the entire hedge fund community levered to the gills praying 3x beta plays will pay off in September or else, the Fed needs to do everything in its power to prevent a downtick, short of making selling and shorting a felony, to avoid a rout in the 2 and 20 community which is barely beating the S&P to date. So yes, it is a day that end in -y, which means the Fed is due to intervene in the market. Today's POMO schedule was just released by Brian Sack's henchmen, and there are 27 cusips maturing between 2016 and 2020 which will be monetized. The total amount expected to be bought back? Over $2 billion, as Morgan Stanley pointed out last week the Fed needs to ramp up its monetization rate due to an above average front-loaded maturity schedule. In other words, the Fed will not allow stocks to drop, and September will once again prove the ultimate contrarian month, probably culminating in 20 straight up days, blowing up yet another swath of the stat arb universe. We will bring you the final results when the POMO closes at 11:00 am.
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T$unami warning.
Just another vain attempt to spin the markets.
http://www.youtube.com/watch?v=vmhk38oq194
Injection placed directly in the Jugular at 9:45 am EST. Mission Accomplished. In other words, they don't need to close the POMO, it's already been front run like hell.
I have no idea how they can just continue to do this shit.
Unfucking believable. If they didn't pump so much so quick, it wouldn't be so obvious.
But of course, the pump runs out, and a crash will put us deeper in the hole.
Sure would be nice to be on the inside and know when they were going to 'inject'. And they wonder how an Obama can be a multi millionaire in a few short years.
Dude, he wrote a book. No conspiracy there.
Go ahead and keep printing and pumping, masters of the universe! Each day of it only ensures the innevitable snapback to reality will be that much worse. And BTW US stawkee markets arent the only game around, consider a rapidly destabilizing mid east situation. Banking on months of unabated FED pumping is fine in theory, but reality is a bitch and anything can happen.
Didn't Mike "banned" Pento predict this shit?
The setup going into the September "rally" was about as close to a sure thing as you could get. Don't fight these guys - it's a losing proposition. We went from everyone calling a double dip to "great" economic data in 30 seconds.
Don't look for it to run out of steam any time soon either. Remember, a lot of companies took down their forecasts for this Q, when they come in as expected at lower number, once again the market will rejoice as if none of it was expected.
told ya yesterday SP 1120 target, this now looks like blowoff top, I sold into it, target is back to 1110 now.
overbought, bigtime. To 1110 gap now.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3779195
Off topic - I know it's "Google AdSense" and that y'all have no control over it, but as God is my witness if I have to endure any more advertisements for Gov. Coupe Deval Patrick (D-MA) on this site I may just have to put my fist through my flatscreen monitor.
Docj, to get rid of the annoying Cramer and other d-bag ads do the following. Download Mozilla's Firefox and get the addition "Adblocker". No more Cramer. Save yourself a computer screen.
I am working on a Macro-script that will automatically, repetitively click on "Cramer" adverrts. After Beta testing, I will run it on my on adverts. It's like printing money.
OT - Hey Con, how did you get your avatar to morph like that? For that matter how does one load an animated avatar for the ZH profile?
LOL click on the add, and laugh to yourself as you just cost him a buck!
It's like quote stuffing, but for a good cause...
It looks like Captian Smith just announced we are in a precarious position. We must abandon ship. You should of listened to those iceberg warnings.
If some Chop House upgrades the semis the next couple of days and this group starts to run.....
Then you can forget about the bear case for the intermediate term.
They are going to trot out Dan "The Greaseman" Niles any day now.
There is Nothing wrong with the world's financial markets, when Currencies are deemed to be in need of 1/2% to 1% (or more) adjustments from the last trading day.
http://netdania.com/products/live-streaming-currency-rates-foreign-excha...
When is the Yen going to reverse?
iPath S&P 500 VIX Short-Term Futures ETN - (VXX)At 52 week low today.
Might be time to grab some. This bounce has almost run its coarse...
Yah, been noticing this....trouble is that the decay as we move through the month to expiration this week things and this market will/can get silly, sillier, sillest than ever.
Yeah I'm thinking next week will be the perfect time.
Updated DOW weekly chart:
http://stockmarket618.wordpress.com
Could you please peddly your trashy-ass charts someplace else?
Looking like a Triple Top in the Dec ES. Unless of course they gun it right thru 1125. Anything is possible now. JPM up 3.5% today. Can someone please explain that.
When driving on ice it is easy to over correct, even if you are the only one trading, I mean driving.
Who needs a PT desk when you are allowed infinite leverage thanks to Basel III and, undoubtedly, the label of being a systemically important bank(ster).
Well, unless the fed can do this every week for the rest of our lives, we are going to get a crash, perhaps the nastiest one ever witnessed. I can't beleive they are doing this. They keep praying that the natural economy kicks in at some point and takes over. I think the grossly misjudged the duration of our overall downturn. Whats ocurring now is sheer lunacy.
Stagnant market trading in a range is about all you'll get in the near term. It's pretty obvious that the folks in charge aren't going to let this market crash any time soon.
I think the potential labor actions in the UK could be potentially damaging to market sentiment.
OT: Sasha Gray was a poor addition to Entourage - not a good actor, and not at cute as some of the other gals. That show had a tremendous first season - funny as sh*t. Then they tried to turn it into a story instead of just rolling with a fun light show. This season has been a slog. No wonder they only brought it back for a half season next year.
Ya figger? A fine red herring you've offered up.
And on the OT thingie: Damned right it is -- OT that is.
Well in fairness, Rocky, TD did mention an Entourage character in his post.
Lot of shark jumping in those HBO/AMC/Showtime series this year.