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Happy PIMCO

Tyler Durden's picture





 

PIMCO happy, Bernanke happy, Dollar mauled, $2.6 Billion POMO closed, Stocks flying. All is good.

 


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Wed, 08/19/2009 - 12:03 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

I'm telling you, Chinese are dumping like crazy 

we have oil lift of; and i have only three words to say; MAKE IT RAIN

 

my Asian shorts will bring me mucho dinero tonight.

Wed, 08/19/2009 - 12:27 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

I agree.  I think of this as the ant vs. elephant fight.  If there are some ants, the elephant kills them.  If there is an army of ants armed with chain saws, the ants win.

This might just be the ants armed with Chinese made chain saws.

Wed, 08/19/2009 - 12:37 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Every in the MSM wants to believe China will save the day. What happens if they don't?

Wed, 08/19/2009 - 12:46 | Link to Comment Oso
Oso's picture

my man, its not that your explanation isnt sound.  it could very well be (would love to see the data point), but the OMO completion was announced around 11, that means they were buying around 10.  Its too coincidental that DXY puked right then, all at once. (and SPX went up) 

Spoke with some FX desks, you would have needed 1.5 - 2 bl dollars to sell to move DXY the way it did initially.  and, wow, what was the OMO for?  2.5 bl? shocking how ridiculously close those numbers are.

every day the dollar weakens is a day the baltic states become less and less competitive and China has to work even harder to keep its currency down.

 

Lizzy  - wonderfully timed comment, lol. ;)

Wed, 08/19/2009 - 14:26 | Link to Comment Anonymous
Wed, 08/19/2009 - 14:37 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

i dont, its just a way to keep score.

Wed, 08/19/2009 - 12:03 | Link to Comment lizzy36
lizzy36's picture

growythness....

Wed, 08/19/2009 - 12:03 | Link to Comment Anonymous
Wed, 08/19/2009 - 17:06 | Link to Comment vanquished (not verified)
Wed, 08/19/2009 - 12:04 | Link to Comment Raymond Shaw
Raymond Shaw's picture

Plunge Protection Team is in full action.  Or whoever they've outsourced this job to these days.  GBP/JPY went up and down like a crazy horse and now back up again.  Thankfully I took myself out at the first start of the upturn around 13:00 GMT, seen that pattern too many times to give back gains again.  Cable was slow to catch on but finally put itself in reverse gear and TP stop got hit.

Lesson for you gents and ladies - if you got profitable short positions in Asian and London sessions, be sure to take your thumbs out of your arses and watch them closely during the NY session otherwise be prepared to give it all back.

Wed, 08/19/2009 - 12:05 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:26 | Link to Comment dnarby
dnarby's picture

And what about several entities acting in concert?

Wed, 08/19/2009 - 12:07 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:14 | Link to Comment lettuce
lettuce's picture

yes, i am looking for a nice explanation on this ridiculous (and painful) short squeeze. the DOE report this morning was enough to chafe me but now this equity move is killing me. come on man!

Wed, 08/19/2009 - 12:25 | Link to Comment Deficient Market
Deficient Market's picture

I second (or third) that request! Although it's pretty obvious where the 2.6 billion for the ramp job came from, just want to get an idea of what to expect at the stick save

Wed, 08/19/2009 - 12:46 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:07 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:22 | Link to Comment Anonymous
Wed, 08/19/2009 - 13:05 | Link to Comment My cognitive di...
My cognitive dissonance's picture

Living in a tent city: Priceless

Wed, 08/19/2009 - 12:27 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:08 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:18 | Link to Comment ex ante
ex ante's picture

option expiration = premium burn at the 950 pivot is my guess

 

where is max pain now?

Wed, 08/19/2009 - 12:19 | Link to Comment ex ante
ex ante's picture

excuse me 995 pivot - 950 is the wall of support

Wed, 08/19/2009 - 13:38 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

see the ROBOT's market summary from the other day. Excellent visual, it's all about delirious herd moving in and out.

Wed, 08/19/2009 - 12:08 | Link to Comment mgarrett84
mgarrett84's picture

That was a tiny POMO.  Not the kind that should drive a market like this.  Was this emergency POMO  (did it catch everyone off guard?)

Wed, 08/19/2009 - 17:06 | Link to Comment vanquished (not verified)
Wed, 08/19/2009 - 12:10 | Link to Comment Sancho Ponzi
Sancho Ponzi's picture

From: Fed

To: US Working Stiffs

Re: Take That

 

Sheeple:

How dare you cut spending and start saving! Can't you understand what those dollars you've been diverting to your local credit union and mattress of choice will be worth once we finish with you?

Look at all the money you could have made had those savings been invested in the market. Your behavior is irrational and illogical. Call your broker, buy more crap, go deeper into debt and everything will turn out okay.  

 

Wed, 08/19/2009 - 12:11 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:14 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:19 | Link to Comment mdtrader
mdtrader's picture

Well who knows what will happen with China tonight? Remember their market crashed 70% when the credit crunch started. People may well become nervous again with that event in mind and simply flee the market, now that it's off 20% from the high.

Wed, 08/19/2009 - 12:18 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:30 | Link to Comment dnarby
dnarby's picture

Word.

I wonder what the straw will be.  Maybe Iceland completely implodes and just stops paying?

Wed, 08/19/2009 - 12:20 | Link to Comment rhinotrader
rhinotrader's picture

This market is like a upper cut from Tom Cable

Wed, 08/19/2009 - 12:24 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:28 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:28 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:30 | Link to Comment Miles Kendig
Miles Kendig's picture

Why do so many of you good people stil think that what we have can in any stretch be called "markets"?

Wed, 08/19/2009 - 13:18 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:35 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:42 | Link to Comment Anonymous
Wed, 08/19/2009 - 13:05 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:46 | Link to Comment Anonymous
Wed, 08/19/2009 - 13:07 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:51 | Link to Comment Anonymous
Wed, 08/19/2009 - 13:24 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:57 | Link to Comment vanquished (not verified)
Wed, 08/19/2009 - 13:00 | Link to Comment Raymond Shaw
Raymond Shaw's picture

Amazing.  Just amazing.  Thanks for the information  Vanquished.

Wed, 08/19/2009 - 13:35 | Link to Comment Oso
Oso's picture

um, ya.... thanks for the info.... vanquished........ didnt realized u were on the phone with me..........

Wed, 08/19/2009 - 12:57 | Link to Comment Anonymous
Wed, 08/19/2009 - 12:59 | Link to Comment TumblingDice
TumblingDice's picture

These people are just sick.

Wed, 08/19/2009 - 13:06 | Link to Comment Anonymous
Wed, 08/19/2009 - 15:00 | Link to Comment Anonymous
Wed, 08/19/2009 - 16:20 | Link to Comment ratava
ratava's picture

AUD looks tempting

Wed, 08/19/2009 - 13:21 | Link to Comment Anonymous
Wed, 08/19/2009 - 13:48 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

AWSOMO has a new upgrade, the herd following algorithm. Forget all about fundamental and tech analysis. Those are just the memories from the past. Today, it is all about daring to jump in with the herd. The real strength is in the numbers. When we are together, we can achieve our dreams & improve our returns. YEAH we can.

p.s. This message has been approved by whiteflag.gov overseeing authorities.

Wed, 08/19/2009 - 14:12 | Link to Comment Anonymous
Wed, 08/19/2009 - 14:44 | Link to Comment milkum bilkum pc
milkum bilkum pc's picture

If you wait for exact duplication, you will be on the sidelines when the market moves next.  Sometimes, that is not so bad I guess.  Personally, I think that momentum is changing away from the bullish category.

Wed, 08/19/2009 - 14:41 | Link to Comment Anonymous
Wed, 08/19/2009 - 14:42 | Link to Comment Harbourcity
Harbourcity's picture

http://www.bloomberg.com/apps/news?pid=20601087&sid=aIJDgFl_S0ic

"Demand for Treasuries will be sufficient to absorb the record amount of debt the U.S. is selling amid a $12.8 trillion pledge by policy makers to combat the recession, according to Goldman Sachs Group Inc.

Purchases by foreign investors will be augmented by appetite from U.S.-based buyers looking to add to savings or increase the duration of their assets, Michael Vaknin, an analyst for Goldman Sachs in London, wrote in a note today."

- no conflict of interest on this opinion - nope - Bernanke says hi!

 

Wed, 08/19/2009 - 15:29 | Link to Comment Anonymous
Wed, 08/19/2009 - 17:13 | Link to Comment SpartanTnT
SpartanTnT's picture

Jim Cramer reveal yourself !!

Wed, 08/19/2009 - 17:14 | Link to Comment SpartanTnT
SpartanTnT's picture

Jim Cramer reveal yourself !!

Thu, 08/20/2009 - 03:53 | Link to Comment Anonymous
Thu, 08/20/2009 - 05:59 | Link to Comment Anonymous
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