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First POMO Of The Day Closes: Fed Purchases $7.8 Billion In 2018-2020 Bonds
As noted earlier, the first POMO of the day is now complete and the Fed's balance is now $7.790 billion bigger. This is only part one of today's monetization game as the afternoon will see Bernanke's asset increase by another $8 billion at 2 pm. The Submitted to Accepted ratio one POMO 1 came at a surprisingly low 2.2x, which indicates that PDs are not cash starved, and instead it leads us to believe that the selling in the markets is Primary Dealer driven. Hopefully the GETCOs will be able to sustain the offer-pressure should the selling intensify by day end as more and more banks seek to exit profitable risk positions.
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IYR up almost a full percent with the broader markets down...
Outrageous, truly...
REITs very simply can not be left alone, period.
ES looks anemic. POMO ain't workin' its usual magic this AM
Sure it is, REITS and Financials are zooming. You know, the 'important' stuff.
Apartment reits will be golden. AIG has been on fire another great buy.
Great, PollyAnna just showed up with her Pom-poms...
AIG = "great buy" now. <roll eyes>
Insurance and financial stocks will be the best of 2011. Look at the volume in AIG since Dec 9th. The smart money pouring in ..... No volume for a long time before Dec. 9th.
Please, for the love of God, shut up.
AIG making a "gold type(Lol') breakout over the last 10 days".... Unreal. And Steel ..... WoW.
<ignoring pure stupidity>
A hundred bucks says the Smailes kid eats it.
yeah TexDenim, where's my POMO MOMO?
Looks like we're gonna need more cowbell
I can hear faint chants in the background: POMO...POMO...POMO...
No volume float that will likely succumb to selling later today.If you look at SP futures charts which do not reflect ex div, we hit a new high for the move overnight and are seeing the setup for a potential Reversal Day upon a close below SPY 123.3. Sellers should be 124.6.
..."likely succumb to selling later today"
You haven't read the script, have you?
<Sarcasm Off>
Would someone please reboot that HF tradebot? The damn thing has been offline for over an hour, and it's screwing up everything.
Anyone charting PMs before, during, and after POMO rounds? It seems that there's always some pressure on PM prices during POMO and when complete, PM prices begin ascending.
The bernanke has told the banskters
to buy the phucking dip in bonds or
he will crack some heads open.
Cyclicals at yet another new, 2-year high.
Man, this thing never stops.
I wonder why that is...
Thanks for newspaper, again.
This thing never stops...well hell why should it with $15 billion mainlined daily directly to bubble equities?
Yo,
nice pickup on IAG on Friday, how will you play it?
Are you Fedazzled and Bernakered yet ?
buy a little,sell a little,
buy a little sell some more...
and just to confuse all you bedazzled fight club pundits even more,
the FED also has also two Auctions of 29 billion and 28 billion going today:
1) 13 week bills Auction of 29 billion
2) 26 week bills Auction of 28 billion
both at record low rates of 0.005% of course !
http://www.treasurydirect.gov/RI/OFGateway
Warning: Enter at own risk !
The Inmates PD's and the FED are running this Asylum !
I looked like a TOTAL FOOL this year at family Christmas party...
Last year everyone was saying "So glad we whethered that economic storm.", "I lost almost 70% out of my 401K, I am glad we didn't enter another Depression", "Obama seems to have just the right prescription to get this economy moving forward again", "Obama is looking to me like the return of Reaganomics", "I don't really care about this whole Looting and Fraud situation, I recovered all my gains, etc."... (more of the typical CNBS fodder)
I had nothing to say... I told them "The worst is yet to come", but unfortunately it was the same "doom" I was attempting to sell last year. Telling them, "Get out of the Market ASAP, this thing is coming down, Depression ahead", etc.
While I'm glad I was wrong, it is getting more hopeless I am afraid.
Does this mean we will have to wait another generation for another Tea Party? I am too young to run for office (22). What if the next "collapse" doesn't come until all brave souls like you people and others are collecting Social Security?
Happy Holidays. Today I get to look forward to shoveling snow for 7 hours getting paid 9 dollar per hour! I guess I am damn lucky to have a job considering how horrible this economy is! (no?)
Wow your family is a bunch of fuktards too just like mine huh?
they certainly did better in the markets than I sheepdog, friend.
Who is wrong?
You didn't follow your own advice.
Gold + Silver = Family Genius!
It appears the second pomo is being front ran already and the the sell off after 2pm will commence once again. Who is the market? Hmmmm...
I would have thought the implications of thier actions would be more dramatic movements but I was wrong on that one. The day of reckoning is coming. It keeps getting closer and closer. Double double pomo pump job for Christmas cheer.....hoooorahhh
Ummm.. I'm looking at the SPX, and it tanked at 10:15. POMOs usually raise SPX, not depress it. Even traders are loathing POMOs now. Another dip at 1:15?
POMO completed at 11:00. What happened across-the-board directly at 11:00?
Buy the dips make FREE MONEY $$$$$$$$$$$$$$$$$$ it's all rigged to the upside $$$$$$$$$$$$$$$$$$ zero risk in stock indexes $$$$$$$$$$
I prepared for the coming disaster. Its late and waiting for the other shoe to drop is taking too long. Its like waiting with trepidation at the dentist for a root canal only to have him say , "return tommorrow" . The waiting sucks.
looking at the Shanghai Warehouse stocks I noticed that the Chinese
must have bought 153 kg of Gold (on Warrants) over the last week ?
Shanghai Futures Exchange Warehouse Stocks Weekly
Date:Dec.17,2010
GOLD Unit: Kg
Previous Week(On Warrant) 15 kg
this Week (On Warrant) 168 kg
Change 153 kg
http://www.shfe.com.cn/Ehome/index.jsp
The daily inverse head & shoulder pattern is in the works right now win the US stock indexes.. We have been getting one everyday for the past 5 trading days.
It's fairly incredible that we now have to factor in twice-daily doses of Fed intervention when trying to make investment decisions. Did you ever imagine you would see such a day?
The Dow index futures will be @ 11440 by 3:15pm cst. Right now trading @ 11400. same action for the past 5 trading days. Range for the past 5 trading days around 100 points in the Dow index futures.
Oh Darn, still not really in the green!
like they say, you know the bull market is over when the last bears throw in the towel!
It's 2:37pm cst Dow index futures @ 11431 just 9 more points to 11440... man I'm good.