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Fed Frontrunning Success Rate: 100%
POMO is over, and with great regret we inform readers that the Fed now has zero credibility as the trades we expected to be precisely those most frontrun by the market are exactly as predicted. In other words: the CUSIPs anticipated to be monetized, and which we advised readers to lever up, buy, and flip them back to the Fed within a day, were precisely the ones that were put back. Fundamental analysis - you are fired. Enter - 100% Fed Frontrunning success rate.
From yesterday:
Tomorrow's POMO will focus on bonds between 2013-2014. Here are the bonds most likely to be bought:
- 1.750% of 4/15/2013
- 1.375% of 5/15/2013
- 1.125% of 6/15/2013
- 0.5% of 10/15/2013
- 0.75% of 09/15/2013
Buy these today for a flip to the Fed tomorrow. Don't forget to apply a few million turns of leverage.
Note the CUSIP bought today (highlighted) and compare to CUSIPs suggested yesterday:
The market is now formally dead. Everything else is noise and what the Fed will buy. As for the PDs who suddenly find themselves with $2.5 billion in excess cash leveraged 30 times, they are now actively bidding up Amazon: after all leaving the stock end red may very well bring the ponzi system to a complete collapse... Just ask Madoff.
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Money for nothing and the chicks for free!
This will never end!
I am definitely voting for the incumbents!
wow that is a great idea
a battle cry to vote out ALL incumbents until the fed is shut down
voting out the incumbents will do nothing, cause you will get a new set of incumbents !!
term limits, bitchez.
+1
Hilarious!
What strategy!
I actually considered voting for ALL of the CA tax prop increases today, for the sole reason of bringing the reset closer.
Great idea. California should borrow every dime it can and spend it quickly. It's going to default anyway so lets take advantage of the money, now.
I wanna rock and roll all nite...
and POMO every day!
There was a big lull in new hot trance tracks, but with the end of year approaching a whole slew hit the streets. Compiling this list took a couple weeks (thus the mulligan-worthy effort last week ;). Without further ado, I present the efforts of returning to my bread and butter: driving, pulsing, booming, progressive and uplifting trance.
How many of us have them? (a playlist): http://www.youtube.com/view_play_list?p=2D93C314EE324D8B
Steak
Where's your Friday custom tunes? No play lists please. I want to click and forget. :>)
not following you there homie, the playlist is easy peasy on the user end...just press play and you got yourself 3hrs of click-free bumpage :)
Sorry, the format looked different (don't know if it really is, just "looked" different) so this old mind immediately rejected.
The conditioned mind (mine) wants the same old gruel. Put some food coloring or a new garnish oin it to cheer me up and I'll discard my favorite dish as different. :>)
kick. ass.
Trance and I had a falling out with the invasion of fist-pumpers several years ago. Still bumping the drum n bass though, I try to stay ahead of the guidos, and behind the guidettes. I will give your mix a try this weekend.
Your playlists are, alas, becoming one of only a few things making the day at work bearable, thank you. I miss Marla -- the one night I didn't stay up was when she came back on air.
infinite thanks for the kind words. i miss her presence as well. be sure to take a drink for our "workin hard for da people" ms marla this weekend.
George Taylor ( Planet of the Apes ) is in da house
"We finally really did it. [screaming] YOU MANIACS! YOU BLEW IT UP! OH, DAMN YOU! GODDAMN YOU ALL TO HELL!"
haha, nice.
AHH yes, The miracle of Adobe PS. LOL!!! Great shit. Thanks for the laugh..
the fed exists to make a mockery of free markets
and never before has it been so successful
it mocks everyone, everything
the fed mocks the world
the fed is satan
Hey, we're ALL doing this. Frontrunning the Fed. Some of us are busy even as we speak frontrunning QE2. Others, buying gold, are preparing for Fed dollar sales...
Ironic, isn't it, that Bernanke has been working SO assiduously to chase us all into speculation...
it is ironic only if you believe his intentions are good
after all of the damage the fed has done, it is ironic that people continue to assume that they are trying to do what is best for America.
For 12 years + they have been implementing policies that prior were understood to be harmful and ultimately fatal.
shed that notion that they mean well, and you will find clarity
ironic...iconic. tectonic! supersonic! "we're on it! we're on it!" now it's burgers and a shake at Sonic's.
not 12 + years but 39 + years.
2010-1913=97 years
good stuff, free market it is
Tech Ticker Headline today, priceless!-
G20 to Tim Geithner- 'Youre joking, right??'
Don't ask questions. Just line up for the next POMO douche. Don't you just love that inner clean feeling afterwards?
The only problem is the bad taste left in the mouth when it's all over. Of course, I might just be using the douche incorrectly.
Salt and vinegar chips, anyone?
i dont understand what you all are complaining about... this is as close to a "sure thing" as there ever was...
for what is the question?
That was better than frontrunning the Bulls in Pamplona. Next !
Here's the top story at Bloomberg this morning:
Rising sales at companies from Boeing Co. to chipmaker Intel Corp. and railroad CSX Corp. show U.S. businesses are growing even before a boost investors predict from the next round of Federal Reserve monetary easing.
They seem to think there is no reason for QE2 after such strong earnings in major sectors are showing strength. Maybe that's why stocks have been up? Reflection of better earnings in addition to POMO?
Rising earnings (nominal) would be totally consistent with what MCD noted about passing through higher prices on rising costs. Also consistent with rising price indices across the manufacturing PMIs. EPS to the moon as the only true variable cost left means ongoing labor shrinkage with corresponding demand destruction lagging leading to durable margins & EPS (for how long?). Takes a bull market to create wealth and a depression to concentrate it as they say. The death rattle coming out of Steel earnings, a non QE proxy vs. the base and PMs, is the upstream tell.
Biflation, baby!
there's still a war going on "strategic reserve" so "define the reserve (and reserver!) precisely." money? treasuries? Gold? how about just "plain old oi"? and is that natural gas suddenly becoming a "monetary authority" as well? imagine if in the 80's we'd used a natural gas standard in determining the value of our currency?
Yes indeed, if we were in a true recovery, the price of oil would NOT be this cheap.
But wait, what about the 1,300 DOW points already baked into the 2 months long 'DONT WORRY Q/E2 IS RIGHT AROUND THE CORNER, RALLY MONKEY TIME!' campaign that met ever bit of bad data daily....wow this crap souffle is due for a major collapse.
I guess that $5 trillion worth of stock pumping will just be neverminded while no Q/E is delivered at all and markets just stand as-is? Yea I dont believe any of this for a second....now G20 is telling Geithner to go fuck himself as well? Id get ready to see some big fireworks real soon.
I hereby unjunk you.
Thanks! Although I know its just 1 guy junkin me, Harry the rainbow farting sunshine boy.
BTW Harry I read the Intel earnings, they eeked out an earnings based upon a MASSIVE jump in accounts receivable, stuffing the channels just like the DotCom bubble days.
The FED manipulators are running into consuming their cake while long term storing it too, blowing sunshine while still trying to say its not so great.
And how is the 'expected Q/E2 boost' not already priced in multiple times and bifurcated then leveraged a million times over the last couple of months?
I sold my company to a fortune 200 a few years ago. Stayed on for a year. They stuffed the channels all the time, then did restructurings/layoffs every few months, cutting everything to the bone! A downward spiral. I can't believe these companies can even stay in business. Just like our government elected elites and the fed. Gutting the country for their own bonus/retirement benefit.
As the dollar falls companies that sell overseas will glean higher profits.
OT, FoxNews has the Epstein's on now talking about Fraudclosure
'Fraudclosure'... OH theyre dredging up THAT old news again? Erin Burnett declared it 'fixed' just yesterday...old old news. Now I need to get back to my Cramerica reruns...got to jump onboard this bull market! <;P
G20 to Geithner- 'Youre Joking, Right'??
http://finance.yahoo.com/tech-ticker/g20-to-tim-geithner-'you're-joking-...-right'-535534.html;_ylt=AmGAMp5ZCLn5qXVFTXe7CnK7YWsA;_ylu=X3oDMTE1NHVyM2tvBHBvcwMzBHNlYwN0ZWNoVGlja2VyBHNsawNnMjB0b3RpbWdlaXQ-?tickers=%5EDJI,%5EGSPC,GLD,UUP,UDN,FXI,TBT
Bwaaaa ha ha ha haaaaa!!!
Its a kind of magic
-The QueenIts a kind of magic
A kind of magic
One dream one soul one prize one goal
One golden glance of what should be
Its a kind of magic
One shaft of light that shows the way
No mortal man can win this day
Its a kind of magic
And the Queen acknowledges you Central Wanker.
Why do we need QE2 with AMZN at world record highs selling at a P/E of 80?
And consumer stocks like SBUX rocketing in the face of the worst recession, unemployment, housing bust in history?
There will be no Q/E2, it cant be delivered and theyve known it since they started hyping it late August.
Meanwhile G20 tells Geithner to go jump in an icy lake (read Tech Ticker this morning) meanwhile Bernanke still insists he's going to ignite a retail stock buying frenzy bigger than DOTCOM...lol ever seen a high speed head-on train wreck in person before? Not pretty.
With Chipotle, Cheesecake Factory, BJ's and McDonald's all having great to outright blowout earnings, it shouldn't be surprising that SBUX would follow suit.
A lot of people have been caught surprised by the strength of the consumer this past Q. It should gain momentum into the holidays. That's why these stocks are screaming.
Consumer said 'fuck paying the mortgage, lets go eat bullshit food'! Nice for 'bottom line' too when those operations have closed many stores and fired many people...wait till Starbucks has 1 employee doing the work of 50, so-called 'earnings' will be great!
Your comments lead me to believe you live a dark, miserable life. Lighten up a bit, man. It's like the guy who looks at beautiful weather outside on Tuesday but won't leave the house because he thinks it'll rain on Saturday. Get out and enjoy a bit.
Wow, I suppose you fart rainbows too?? LOL
Keep on the sunny side, harry. Go get yourself a 4000 calorie lunch at CAKE. Live a little.
Don't forget the main course at your earnings banquet celebrations: accounting fraud
Enjoy!
They were wrong Harry; you were right. Hard to understand why some can't just admit failure, learn from it and move on (not .org).
When I first found this site a year ago, I was the bear of all bears. I could not accept that maybe, just maybe things weren't as bad as I read and that things can and do get better. This site feeds on that sentiment, reinforces the negative feelings inherent in our species.
As a result, if one pays too much attention to the Rosies of the world, the cost is that of opportunity. I for one could care less if the market is being inflated artificially. I profit all the same. And if it is going to crash (and those here have been screaming that for the year I've been reading) well, I can reverse postions easily enough.
But the reality is things aren't playing in any way shape or form the way most here have predicted. I sense they have no idea what will happen, rather they rage on about what they hope will happen.
For me? I have very much lightened up to go with the flow and profit. Never been happier and I see a positive future for my children as well. For those who refute this outlook with comments about "farting rainbows" all I can say is this: I see your track record. You have claimed the end of the fed, europe, the dollar and our culture is at hand for over a year. And today the situation on the ground has proven you to be wrong.
Best of luck to everyone. I'm off to Starbucks to enjoy today's earnings, which ironically enough, were gained on the shortside of NFLX.
I don't claim that "all is well" or things are "just peachy". I look at it for what the economy and earnings are telling me - we're not imploding and there is no reason to stockpile food and ammo.
Negativity feeds upon negativity. Someone could get a paper cut and the headlines and posts here would make it sound like the entire nation was about to get decapitated.
When the foreclosure story first appeared at ZH, I challenged that it would be a non-issue or simply swept under the rug. Both appear to have happened. Once again another "black swan" turned out to be nothing other than a large crow once seen up close.
You guys and your negativity. Who gives a shit about the unemployed and those on foodstamps? They have so little of the country's wealth that they have no impact on the economy or the share prices of SBUX....but goose the stocks values and 401K values of those with the wealth theeennn you really have something! They will gladly throw their money away on a 10 pound salad plate at Cheesecake Factory.
Does cheesecake factory take food stamps? 40 million (and rising) people want to know.
Funny you should ask, yep the ALL take food stamps (Gubment Credit Cards now) so that the jobless can still get their lattemochachinno's and not feel any shame, and then walk around the retail outlets with their IGadgets lookin cool like its the good ol days.
Does Apple take food stamps?
But you can't eat an Apple.
They don't need to.....people are just supplementing there lifestyle with The stamps.
I know seveal people that collect foodstamps in az. They live in 4000sq ft homes and drive new cars. They just know how to game the system. They are not poor but they couldn't support their lifestyles with out the stamps.
boy i sure hope Panera bread does. I love that place.
I'd never touch a restaurant. Cmg is waaaaaaay over priced and too much in the us. 15% in a day? In this economy?
Rising commodity prices are going to hurt these places.
Well when one doesn't pay their mortgage, it leaves lots of free cash flow for burrito's and $7-1000 calorie coffee.
Of course should QE2 come in above $1T, that free cash flow will end up being eaten up in ones gas tank.
Because QE lite is running out, and without that, they'll be back at 20 tomorrow.
Hmm back at 80 P/E's again...well thats always worked out real well in the past, Im sure they will all be 120 P/E's real soon. After all the gooberment and CNBS declared P/E's 'SO last year'.
They need QE2 because the junkies need another bubble.
They already got Q/E2, been priced in with the last months 1,300 DOW points, yet the actual package cant be delivered. Uh-oh.
Boy, that was a lousy interview. Although I like the claim, "We have not found a single foreclosure that was not fraudulent or had questionable paperwork".
Blonde Teleprompter reader replied; Yes, but the banks would say, look these folks are just not paying the mortgage. Too bad they didn't reply, Thats the point, show me the note!!!
better earnings compared to what lst year LOL
Yep, slightly better smell than last years fresh turds, yipee should be good for a few dozen more up handles!
Meanwhile G20 is telling Geithner to go screw himself.
Call me dense, but where can one find out what they paid for the bonds? I don't notice any appreciable bump on bb.
Chart: Ten Year
Watch out.
http://99ercharts.blogspot.com/2010/10/ten-year.html
http://www.zerohedge.com/forum/99er-charts
A1. Gross PIMPco Bill does it again. He was first. He's my hero. How does he do it? Sucking on Reb Shalom Bernookystein's dick? Or eating his ass? That's what I want to know.
Harry stop junkin me you rainbow-farting assclown!
FWIW, SheepDog, I've never junked anyone at ZeroHedge. No reason to. Let people speak their minds. Everyone has their own opinions. So whomever is junking you, it ain't me.
OK
The prophecy is complete- The Fed is the Antichrist.
I have closed out my 30yr and 10yr T's and as planned, will use the proceeds to buy gold.
That would be alright if the AntiChrist took gold for repurchases of the soul. Until then, shave your head, repent, and eat locust.
The junkies are in the bond market. ZH'ers have arrived to annihilate with TRUTH! Darn it! There's always a bubble prick(er). Or is it Prichter? My spelling has always been suspect and sometimes inadvertantly meaningless.
I personally want to thank bannana ben and timmaaay (and the lords of the undddeerrworrrrlllddd) for keeping this inner tube riddled with bullet holes and torn and exhausted rubber afloat. if it wasn't for you two masterminds I'd be one of the many casualities..dead in these herrr mean streets..atleast I got a chance to get out now.
and to those who keep hard hittin with AAPL , AMZN GOOG, all my charts say the consumer will be big for holiday season..thank you too..you keep the ponzi shell game going too..
and to the consumer living in your 4000sqft house living off food stamps and credit...especially you..thank you..you keep the wheels rolling on this 3 wheel skateboard....don't get me wrong, the herd is thinning out. but again,now its not about exit strategy..that was 6-8 months ago..its about execution and implementation
It all appears just too pat....too much of a sure thing....expect a black swan event shortly...a bolt from the blue, totally disupting this " buy the shorts being targeted by POMO"
This is true and really scares me.
But fed frontrunning success rate approaching 100% can't last forever.
What kind of event could revert FFSR to the mean? Will it be a
1) fed generated event
2) a black swan (maybe an engineered one)
3) a stroke from another central bank?
Imho: FFSR close to 100% = sheeps mustered
Then: green light to the old game: slaughter the sheep (and this time even king size sheeps will be slaughtered)...
when all this could happen? maybe nov 3rd?