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Frontrunning Today's POMO
One look at the market indicates that the tent in the futures confirms PDs are very excited about today's POMO. Just as they are excited to be able to determine not only monetary but fiscal policy, thanks to Ben Bernanke. For everyone else, here is your chance to bid up the specific bonds in the 2012-2013 range that the Fed will most likely end up monetizing. Out of hundreds of CUSIPs, here are the ten most likely issues to be repurchased.
- T .625 06/30/2012
- T .75 05/31/2012
- T 1.125 12/15/2012
- T .625 07/31/2012
- T 1.375 01/15/2013
- T 1.375 02/15/2013
- T 1.375 03/15/2013
- T 1.375 11/15/2012
- T 1.375 09/15/2012
- T .375 08/31/2012
As always: get best offer, lever up 1x10E6 times, buy all you can, sell back to Fed, use proceeds to buy gold. After all, the 18 banks that now run America do it 2-3 times a week.
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Ca-Ching, Bitchez!
Maybe the Fed should cut out the middleman and just buy the gold.
Ah, but that wouldn't fulfill its "wealth transfer" mandate.
Come on 1200. I can feel it. Today is the day.
Who needs fundamental analysis (hahaha) when one has a feeling and the Sack in her corner.
I have been thinking for the last few months the S&P would be at 2010 highs by next Tuesday. Not there yet, but still a chance.
All we need is a couple good POMO days.
The one problem I have with ZH is that reading it on a daily basis, the amount of information (often conflicting) is sometimes so overwhelming that it becomes almost impossible to form an opinion on where things may go.
The overriding issue of the day is what happens Wednesday with QE2, I've been short the market and banks in particular since the start of the month which has cost me a small loss so far but nothing to write home about.
What's my point, well when I read this morning about the Fed survey of the PD's my initial reaction was to close all shorts and wait for the announcement. However instead I have tried to make sense of much of what I have read in recent weeks and FWIW here are my thoughts:
The Fed and PD's are one and the same, the Fed are basically the board that represent the voice of the TBTF while claiming to represent the interests of the American public. Their agenda and main goal in recent weeks has been simple, to pump the market and deflect public attention from the true state of the US economy.
To accomplish this they have been aided and abetted by their cohorts contolling the MSM. This is why when a reader of ZH tells his buddies that the shit may be about to hit the fan his buddies call him negative or you get blank stares when you mention POMO.
Much of what is posted on ZH comes from these very same sources, the TBTF, so that is why things can be so confusing, we are being manipulated and they are laughing behind our backs.
Think about this however
Timmy says he want's a strong dollar, QE2 big style will result in a far weaker dollar.
China and Germany (representing the EU) are highly critical of printing more money and the outcome may well be protectionism and a currency war that no sane government can contemplate, interestingly Gross says QE2 will eventually be bad but supports it as there is nothing else to be done (wrings hands and weeps).
A weak dollar with the resulting higher commodity prices especially in food and oil will hit the average American where it hurts most, this coming on top of high unemployment and housings woes could result in the sheeple turning on the wolf.I don't see how this can be the "plan" more like suicide.
So what to do?
Since the PD's and Fed are one and the same they have already made their plan and are in it together. I believe that QE2 will NOT meet "market expectations" that is to everyone except those already in the know.
Hedge funds and PI's may sell off but PD's under Fed instructions will be buying so as to minimise the impact in the markets, they will however at the same time be shorting oil, grains and PM's and going long the dollar in order to make a buck.
Just my view, which I've backed by closing the shorts on equities and will be shorting commodities instead, a risk but no pain no gain.
The inflation is already hurting china and with a large Q.E. it would really get bad and with higher input cost/commodity cost that would really hurt the manufacturing cartel.. I think uncle ben made a deal to scale it down Q.E.(2) 300-500 billion spread out over time. The dollar will climb on this news. This is my guess.
I think this is the most realistic option. Things are so high strung with the markets and FX that the most important thing is to not roil the markets. An "all in" of $4TN would destabilize even more, just as if the Fed were to "check". Look for a gradual incremental poop-out of dollars by the FED
When the world starts collapsing, everyone will run to dollars. Always happens. Look for entries now.
and whatever the president says is the truth...
and the good always win...
and a white fairy places a silver dollar under you pillow for every time you get sucker punched...
AS well as YEN. Look back on flash crash day and you will see the safety positions: dollar and Yen.
"the 18 banks that now run America" They alwasy have. Those banks which Bernanke asked permission from are the major shareholders of the private entity known as the FED. There is nothing new here.
I LOVE THE SMELL OF FRESH POMO IN THE MORNING!!
IT'S LIKE GETTING A BLOWJOB WHEN YOU WAKE UP!
Operation 1 - RESULTS
Operation Date: 10/28/2010
Operation Type: Outright Coupon Purchase
Release Time: 10:15 AM
Close Time: 11:00 AM
Settlement Date: 10/29/2010
Maturity/Call Date Range:
04/15/2012 - 03/31/2013
Total Par Amt Accepted (mlns) :
$1,660
Total Par Amt Submitted (mlns) :
$39,152
Inclusions:
CUSIP ID
Security Description
Par Amt
Accepted ($)
912828MN7
T 01.375 02/15/13
496,000,000
912828MT4
T 01.375 03/15/13
1,164,000,000
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