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New POMO Schedule Released: Fed To Monetize $102 Billion In Next Month

Tyler Durden's picture





 

After the Fed "purchased" just over $97 billion in bonds in the last POMO schedule, according to the just released POMO schedule, Sack-Frost will monetize $102 billion in bonds between March 14 and April 11. From the release: "Across all operations in the schedule listed below, the Desk plans to purchase approximately $102 billion.
This represents $80 billion in purchases of the announced $600 billion
purchase program and $22 billion in purchases associated with principal
payments from agency debt and agency MBS expected to be received
between mid-March and mid-April" What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own...

 


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Thu, 03/10/2011 - 15:11 | Link to Comment Turd Ferguson
Turd Ferguson's picture

QE TO INFINITY!!

Anyone who says otherwise is selling something.

Thu, 03/10/2011 - 15:15 | Link to Comment Debtman And Robbin
Debtman And Robbin's picture

It just don't matter if there will be QE 3 or QE 300.

Debtman will soon retire.

After that, Robbin takes over.

Thu, 03/10/2011 - 16:35 | Link to Comment Shameful
Shameful's picture

I love this name and avatar, thanks for the laugh!

Debtman Forever, make a movie out of it.

Thu, 03/10/2011 - 16:47 | Link to Comment flacon
flacon's picture

The term "Quantative Easing" is so 2010. What they need is "ZIM. STIM." (Zimbabwe style)! Give it some fucking culture!

Thu, 03/10/2011 - 19:22 | Link to Comment citta vritti
citta vritti's picture

+1 Gene Hackman in Get Shorty

Thu, 03/10/2011 - 15:37 | Link to Comment Monetize Me Captain
Monetize Me Captain's picture

Funny though. Anyone who is saying that QE will end is also probably selling something. Most likely in the form of put options...

Thu, 03/10/2011 - 15:37 | Link to Comment sheeple
sheeple's picture

BTFD, i'm still surprise morgue hasn't taken Ag below 34

Thu, 03/10/2011 - 15:39 | Link to Comment vas deferens
vas deferens's picture

QE3 is 100% coming!!  But they could delay the announcement or state that QE will be ending sending the markets where they want them to go. 

The movement in the markets will again give them an easy sell of QE3. 

I am trying to say there could be a big dip in the prices of commodities before QE3 is announced or some kind of back door QE resumes.

 

Thu, 03/10/2011 - 15:42 | Link to Comment sheeple
sheeple's picture

think pimco's going to btfdUST prior to QE3?

Thu, 03/10/2011 - 16:15 | Link to Comment Judge Judy Scheinlok
Judge Judy Scheinlok's picture

Does the entitlement bunch have handicap placards hanging from the rear view mirror?

Thu, 03/10/2011 - 16:12 | Link to Comment Smu the Wonderhorse
Smu the Wonderhorse's picture

My growing idea is that we will go to QE2 lite in June, i.e., no new QE but the Fed will not allow its balance sheet to shrink.  It's what they did before.  If oil and other commodities keep soaring, and with the Ron Pauls getting more traction, I don't think QE3 will be politically viable come June.  Maybe later in 2011 or 2012.  Thoughts?

Thu, 03/10/2011 - 16:23 | Link to Comment vas deferens
vas deferens's picture

QE3 will be a really hard sell with oil over 100.   I think they will do more of a QE lite or some kind of back door QE.

Thu, 03/10/2011 - 17:19 | Link to Comment alangreedspank
alangreedspank's picture

 

You never know. I remember this conference where an old timer recalled the story of the early 80s with Volcker cranking the rates up to what, 18% ? Nobody expected that to happen ever, and people though the world was going to end as well.

Thu, 03/10/2011 - 20:58 | Link to Comment vas deferens
vas deferens's picture

In the 1980s there was no housing bubble the FED is trying to prop up and banks that were insolvent.  If the FED raised rates, as they should, the banks would fail again.

Thu, 03/10/2011 - 16:06 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Ben's gone Dr. Evil on this one! That seemed like such a massive amount when the movie came out, but now $100 billion is a months work.

Dr. Evil should ask for 1 million ounces of silver.

TFDHBB - The fuckin' dip has been bought

Thu, 03/10/2011 - 16:42 | Link to Comment Infinite QE
Infinite QE's picture

You rang? :)

Thu, 03/10/2011 - 23:12 | Link to Comment StychoKiller
StychoKiller's picture

"NEVER call up what you cannot put back down!"  -- H.P. Lovecraft

Thu, 03/10/2011 - 15:12 | Link to Comment ghostfaceinvestah
ghostfaceinvestah's picture

How much of the 600B will be left after this next round?

Thu, 03/10/2011 - 15:11 | Link to Comment NOTW777
NOTW777's picture

might want to move that up to tomorrow

 

oh no - more sheen coverage

Thu, 03/10/2011 - 15:16 | Link to Comment HamyWanger
HamyWanger's picture

As extreme as it may seem, I'm afraid it's needed for the global economic recovery to sustain.

A little inflation never harmed anyone. According to Dr. Paul Krugman PhD and Dr. Barack H. Obama, a high inflation (>20%) could even make Americans wealthier. 

Thu, 03/10/2011 - 15:17 | Link to Comment bob_dabolina
bob_dabolina's picture

I concur

Thu, 03/10/2011 - 15:22 | Link to Comment 10kby2k
10kby2k's picture

a real inflation >20% could even make americans wealthier

LOL

in nominal terms...not REAL terms.....thats the FEDs plan, bonehead

Thu, 03/10/2011 - 15:29 | Link to Comment HamyWanger
HamyWanger's picture

There is no difference between real and nominal. 

Some people say that inflation is a bad thing, but they're often lunatic, bigot, nerdy libertarians. 

Actually, inflation is what makes people richer. The Weimar Germany experience was not a failure. This is a libertarian lie. 

Most Germans got wealthier during the 1922-1923 period, and it was also very good for equities.

Thu, 03/10/2011 - 15:37 | Link to Comment bob_dabolina
bob_dabolina's picture

Not quite sure what you're referencing in terms of inflation.

I am observing steady prices and a lower unemployment rate

Thu, 03/10/2011 - 15:38 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

hamy- you're hot today..... in the running for today's prize (with no competion in sight)

Thu, 03/10/2011 - 15:55 | Link to Comment MolotovCockhead
MolotovCockhead's picture

  Actually, inflation is what makes people richer.

You should move to Zimbabwe since inflation is such a good idea. Most likely Robert Mugabe will make you a minister in his cabinet. One thing for sure, you will be much richer!! To be precise, instant multi-trillionaire!!

Thu, 03/10/2011 - 15:55 | Link to Comment 10kby2k
10kby2k's picture

Mr Wanger,

 Wages/income will not keep pace with POMO induced inflation, nor will interest rates. Are you the guy buying the 5 year TIPS at -0.65%?

Thu, 03/10/2011 - 15:57 | Link to Comment Michael
Michael's picture

Hamy need a laugh?

The most hilarious thing yet from Charlie Sheen.

Charlie Sheen's Winning Recipes

http://www.funnyordie.com/videos/bfb12aea47/charlie-sheen-s-winning-recipes

Thu, 03/10/2011 - 16:00 | Link to Comment Village Idiot
Village Idiot's picture

New term for anyone missing the "hamyness" = hambush.  "You've been hambushed!"

Thu, 03/10/2011 - 16:09 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

fun to watch 'em get sucked in, aint it?

Thu, 03/10/2011 - 17:00 | Link to Comment 10kby2k
10kby2k's picture

 

Does Hamy have a keen sense of humor or does he live for negative attention?

Thu, 03/10/2011 - 17:28 | Link to Comment viahj
viahj's picture

"Hamy" Wagner is a parody of "Harry" Wagner who is a uber equity bull who polishes Bernanke's knob when not posting comments at ZH

Thu, 03/10/2011 - 16:24 | Link to Comment High Plains Drifter
High Plains Drifter's picture

He called the President of CBS .....     Less than Goonvess.

ha ha ha

Thu, 03/10/2011 - 16:11 | Link to Comment rosiescenario
rosiescenario's picture

Right you are, though it was a bit hard on the bond holders...perhaps Bill took a history lesson in college????

 

Friends of mine papered a bathroom with defunct German bonds they found.

Thu, 03/10/2011 - 15:24 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

corrected*

some Americans. Not 99% of the rest of us.

We live in a fair and free Republic? Why not give every man, woman and child that has a pulse access to the discount window?

Rule of Law. All Equal

Thu, 03/10/2011 - 15:27 | Link to Comment gwar5
gwar5's picture

"The more we spend the richer we are!" -- Joe Biden, VPOTUS.

Not extreme, just economically literal.  We are in the best of hands.

 

Thu, 03/10/2011 - 16:14 | Link to Comment rosiescenario
rosiescenario's picture

...only intelligent thing to emerge from him in 60 years...

 

We can spend our way to prosperity....Ben has actually been far too cautious...he needs to dump the choppers and go with some aircraft with a real payload.

Thu, 03/10/2011 - 16:41 | Link to Comment long-shorty
long-shorty's picture

who are you people junking Hamy? and why do you have no sense of humor?

he makes me laugh every time.

keep up the good work, Hamy.

Thu, 03/10/2011 - 15:14 | Link to Comment gwar5
gwar5's picture

$102 Billion in new POMO. Boy, what a relief!

All the recent talk about reality was getting me bummed out.

 

 

Thu, 03/10/2011 - 15:15 | Link to Comment Rogerwilco
Rogerwilco's picture

Finally, the money shot. Now they can all head for the showers.

Thu, 03/10/2011 - 15:15 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Nice to see they are consistently reckless and self destructive.

Thu, 03/10/2011 - 15:17 | Link to Comment bob_dabolina
bob_dabolina's picture

You must be one of the rascist tea partiers.

Thu, 03/10/2011 - 15:30 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

No....but I like Earl Grey.

Thu, 03/10/2011 - 15:40 | Link to Comment sheeple
sheeple's picture

I like Jasimine

Thu, 03/10/2011 - 15:44 | Link to Comment bob_dabolina
bob_dabolina's picture

I'm a camomile with low fat soy and 1/2 a sweet-and-low kinda' guy.

Thu, 03/10/2011 - 15:57 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Bob, too much soy will severely decrease your testosterone levels and possibly/definitely give you man boobs.

Soy Milk is no good. Soy is only healthy when nicely fermented.

See Natto in Japan.

ORI

Thu, 03/10/2011 - 16:04 | Link to Comment bob_dabolina
bob_dabolina's picture

I've always wanted tits.

Thu, 03/10/2011 - 16:13 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Big tits or mouth sized?

 

Thu, 03/10/2011 - 17:06 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Yep , that soy milk they sell at stores is no good for you.

 

Thu, 03/10/2011 - 16:07 | Link to Comment fuu
fuu's picture

I dig on gunpowder green and puer myself.

Thu, 03/10/2011 - 15:19 | Link to Comment the not so migh...
the not so mighty maximiza's picture

how original

Thu, 03/10/2011 - 15:21 | Link to Comment Timmay
Timmay's picture

Good Times.
Any time you meet a payment.
Good Times.
Any time you need a friend.
Good Times.
Any time you're out from under.

Not getting hastled, not getting hustled.
Keepin' your head above water,
Making a wave when you can.

Temporary lay offs.
Good Times.
Easy credit rip offs.
Good Times.
Scratchin' and surviving.
Good Times.
Hangin in a chow line
Good Times.
Ain't we lucky we got 'em
Good Times.

Thu, 03/10/2011 - 15:22 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

POMO= Theft

Btw,

How many times am I allowed to change my avatar? (I didn't realize how bad some of these look once they are sized down to fit ZH standards).

I have been feeling better about myself lately and decided to go with my actual picture.

Thu, 03/10/2011 - 15:32 | Link to Comment Hubbs
Hubbs's picture

Yeah, I was wondering about how to animate my avatar that I lifted from the ticker guy's site. The man is supposed to be pouring gas all over himself and then lighting himself up....self immolation. It is a gif format, if that helps.

Thu, 03/10/2011 - 16:44 | Link to Comment ColonelCooper
ColonelCooper's picture

[Barf].  Again.

Sell some gold coins to pay your gas bill?

Thu, 03/10/2011 - 15:20 | Link to Comment scatterbrains
scatterbrains's picture

what oil price level negates the next 100 billion ?

 

Thu, 03/10/2011 - 15:21 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

Hey momos that's not gonna be enough pomo.  Better stop with the BTFD!

Thu, 03/10/2011 - 15:22 | Link to Comment tao400
tao400's picture

Honey, I would never use my picture on the internet for anything. you know what is on Decartes grave stone - "He who hid well, lived well"

Thu, 03/10/2011 - 15:30 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

I use to model. Stopped doing it a few years ago sO I am used to this kind of thing. Not worried. Plenty of guns at my family residence, I even know how to use them!

Thu, 03/10/2011 - 15:42 | Link to Comment ItsEvolutionBaby
ItsEvolutionBaby's picture

You are just begging for attention aren't you?

Thu, 03/10/2011 - 15:50 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

I donated to ZH this morning. Perhaps you might consider this.

Tyler's worth ethic is legendary! I am never bored reading and learning about how DOOMED we are! Plus, I have learned a great deal of information about the world I never knew thanks to the wonderful contributions by ZH users in the comment section(s).

Thu, 03/10/2011 - 16:24 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

She's got a week's seniority on you, doofus. Besides, she's ZH's poster-girl for young & restless. I'm a big fan.

Thu, 03/10/2011 - 16:41 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

I don't understand why it is such a big deal anyways. My brother is the one that got me into ZH, he used to have an account (still might).

Needless to say, I have been a fan and avid reader for about 2 years. Just didn't feel like making my own account.

I love the fact ZH respects free speech. Use it or lose it.

On the weekends I like to go to shows with people about my age. Lots of anger, hate and disgust. Yet, the people respect the hell out of each other!

In addition to handing out flyers for local shows, I would very much like to handout promos for ZH. Perhaps William Banzai can come out with something in the future :)

Minnesota local. Great live band, the guitarist is my cousin. 8 String guitars!

http://www.youtube.com/watch?v=JbQCzePCT6M

Thu, 03/10/2011 - 17:42 | Link to Comment tao400
tao400's picture

Since you used to be a model, how about some showing us some of those modeling pictures. You could end up the ZH money honey, like Maria B on CNBC.

Thu, 03/10/2011 - 18:02 | Link to Comment ColonelCooper
ColonelCooper's picture

" I would very much like to handout promos for ZH."

 

Well, there goes the neighborhood.  Hey! Honey?  Pack your shit, we're moving.  Remember that kid who fell face first into the tacklebox that was looking at the Henderson place?  Well he just bought it, and his wife makes him look like Alex P. Keaton.

And you SOB's around here think we got Doomers now?  Like Me?  ROTFLMAO.  Wait til the whole damn skate park shows up. 

 

Thu, 03/10/2011 - 21:29 | Link to Comment Hulk
Hulk's picture

Priceless, Colonel! "the whole damn skate park"

Thu, 03/10/2011 - 15:24 | Link to Comment bob_dabolina
bob_dabolina's picture

CNBC will be airing a segment about the cost of feeding chickens after the break.

Do not miss it.

Thu, 03/10/2011 - 15:30 | Link to Comment tickhound
tickhound's picture

Look for Erin to pose this ridiculous question... "Is this a sign of inflation or is it a true global growth story?"

Thu, 03/10/2011 - 15:38 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Trish > Erin

I don't know what it is about Erin, but I just don't like it. She comes off very dry and usually looks uninterested in what she is discussing.

Both Trish and Becky are smarter than her, IMO.

I do strongly dislike Warren Buffet though... especially seeing him give an audience to Hank Paulson. THAT WAS DISGUSTING!

Thu, 03/10/2011 - 15:41 | Link to Comment bob_dabolina
bob_dabolina's picture

I don't know what it is about Erin, but I just don't like it. She is usually very dry and usually looks uninterested in what she is discussing.

I like Cramer because he is the antithesis of the above. He seems to be wildly passionate and animated. He also seems to be an astute investor with a knack for stock picking. Plus he was a hedgefund manager so he is clearly wired in with the latest information available.

Thu, 03/10/2011 - 16:00 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

I know, right!

It makes me feel better seeing his mug to my left when I start my work day! (ZH is my homepage ;)

Thu, 03/10/2011 - 15:48 | Link to Comment tickhound
tickhound's picture

Its all disgusting.  CNBC is fraud / corruption complicit and should ultimately be held to account... and flushed with the rest of "the system"

Thu, 03/10/2011 - 15:25 | Link to Comment karthikraoa
karthikraoa's picture

Wohooo!!!  Latest game is Flip that Bond...

From the link http://tfmetalsreport.blogspot.com/2011/03/lying-in-wait.html

QE WILL NEVER END. IT CAN'T. THE FED IS NOW 70% OF THE TREASURY MARKET. IF THEY LEAVE, WHO WILL BUY? WITH NO BUYERS, HOW CAN THE U.S. GOVERNMENT RAISE THE FUNDS TO COVER IT'S $1,500,000,000,000 DEFICIT FOR THIS YEAR? WHERE WILL IT GET THE FUNDS TO COVER THE $1,500,000,000,000 DEFICIT FOR NEXT YEAR? AND DON'T TELL ME HOW RATES WILL RISE AND ATTRACT BUYERS. THAT'S COMPLETE B.S.!! RATES CAN'T GO UP. HIGHER RATES ONLY ACCELERATE THE DEATH OF THE PONZI! QE IS NOT ENDING. EVER!!

Thu, 03/10/2011 - 15:34 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

If they stop the QE, global deleveraging (private and public) and the subsequent flight to safety will hold rates down.  Long-term you are right.  The ponzi scheme will ultimately fail.  But if the USA can float as much debt (relative to GDP) as the Japanese then we have some time before all faith is lost in the credit worthiness of the US government.  We are still the reserve currency you know ... and its not like we don't have any competition in the race to the currency debasement bottom!

Thu, 03/10/2011 - 17:59 | Link to Comment TK69
TK69's picture

But then, can't they blame Ron Paul and the Republicans?

Thu, 03/10/2011 - 15:26 | Link to Comment Hedgetard55
Hedgetard55's picture

NFLX benefitting from flight to safety today.

 

+5%

Thu, 03/10/2011 - 16:03 | Link to Comment NumberNone
NumberNone's picture

NFLX recovering from a Goldman Suchs lie about what's going on with Facebook and movies.  GS has to take care of their money making future IPO. 

GS Says Threat - http://www.hollywoodreporter.com/news/facebook-could-become-a-credible-165335 

Reality Not a Threat - http://www.businessweek.com/ap/financialnews/D9LRUAKG0.htm 

 

Thu, 03/10/2011 - 15:34 | Link to Comment Hubbs
Hubbs's picture

So, what are the projections for the S&P mileage from this POMO? 200 points on the S&P?

Thu, 03/10/2011 - 15:36 | Link to Comment sabra1
sabra1's picture
The following is reproduced as an alleged copy that was sent to Republican Senators in Wisconsin:

Please put your things in order because you will be killed and your familes will also be killed due to your actions in the last 8 weeks. Please explain to them that this is because if we get rid of you and your families then it will save the rights of 300,000 people and also be able to close the deficit that you have created. I hope you have a good time in hell. Read below for more information on possible scenarios in which you will die.

WE want to make this perfectly clear. Because of your actions today and in the past couple of weeks I and the group of people that are working with me have decided that we've had enough. We feel that you and the people that support the dictator have to die. We have tried many other ways of dealing with your corruption but you have taken things too far and we will not stand for it any longer. So, this is how it's going to happen: I as well as many others know where you and your family live, it's a matter of public records. We have all planned to assult you by arriving at your house and putting a nice little bullet in your head. However, we decided that we wouldn't leave it there. We also have decided that this may not be enough to send the message to you since you are so "high" on Koch and have decided that you are now going to single handedly make this a dictatorship instead of a demorcratic process. So we have also built several bombs that we have placed in various locations around the areas in which we know that you frequent. This includes, your house, your car, the state capitol, and well I won't tell you all of them because that's just no fun. Since we know that you are not smart enough to figure out why this is happening to you we have decided to make it perfectly clear to you. If you and your goonies feel that it's necessary to strip the rights of 300,000 people and ruin their lives, making them unable to feed, clothe, and provide the necessities to their families and themselves then We Will "get rid of" (in which I mean kill) you. Please understand that this does not include the heroic Rep. Senator that risked everything to go aganist what you and your goonies wanted him to do. We feel that it's worth our lives to do this, because we would be saving the lives of 300,000 people. Please make your peace with God as soon as possible and say goodbye to your loved ones we will not wait any longer. YOU WILL DIE!!!!

Thu, 03/10/2011 - 15:42 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

You would be surprised how common this is... Politics aside, after 9/11 and Iraq I heard some crazy stories out congressman and their staffers bugging out.

btw, this letter looks like some of the notes I passed with my friends in high school. Very angry and hateful days those were ;)

Thu, 03/10/2011 - 16:51 | Link to Comment ColonelCooper
ColonelCooper's picture

You were 10 when 9/11 happened.   So you were listening to "crazy stories" about congressmen in your spare time when you weren't poring over Franklin's take on fiat?

 

Thu, 03/10/2011 - 17:33 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

I was grade school. The principal came to each of our classrooms invididually and talked to us about the event.

Later that day I saw the movie Rat Race with my friend in an empty theater. They gave us free popcorn and a pop.

I have been doing independent research on 9/11 for sometime. Just like I have been reading economics especially the free library at Mises.org

Benjamin Franklin was the wise elder in a room full of renegades especially the likes of Jefferson + Hamilton. He also invented electricty, that is so cooL!

Thu, 03/10/2011 - 15:39 | Link to Comment treemagnet
treemagnet's picture

I want to see Ben wearing a leather jacket with a big "wild hogs" patch that says

"Print to live....Live to print"

Williambonzai7 where the hell are you - this is ripe for your talents.

Thu, 03/10/2011 - 15:40 | Link to Comment virgilcaine
Thu, 03/10/2011 - 15:40 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

"Stocks without a Babysitter"

Bad things happen with no one minding the "Baby"

Thu, 03/10/2011 - 16:44 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Did I just break a law or something?!

Thu, 03/10/2011 - 15:41 | Link to Comment cosmictrainwreck
cosmictrainwreck's picture

no POMO tomorrow?? reminds me of what the preacher said to the new sheriff on the stage: " you're on yer own, son......."

Thu, 03/10/2011 - 15:45 | Link to Comment TideFighter
TideFighter's picture

Wow. Gobs of money made just selling the a.m. gold fix and bangin' da'close.

Thu, 03/10/2011 - 15:44 | Link to Comment TideFighter
TideFighter's picture

Wow. Gobs of money made just selling the a.m. gold fix and bangin' da'close.

Thu, 03/10/2011 - 15:52 | Link to Comment f16hoser
f16hoser's picture

My Silver Bullion is about to sprout wings! Thanks Benny.

Thu, 03/10/2011 - 16:26 | Link to Comment rosiescenario
rosiescenario's picture

Yeah...why is everyone here so hard on the guy? Silver miners I bought a couple of years ago are up 500%....do you hear me whining and complaining???? Its time to 'man up' and BTFD on margin using the proceeds from a second on your inlaws' home...

Thu, 03/10/2011 - 15:54 | Link to Comment stantheman
stantheman's picture

BTW what makes you all think that the Fed/PPT is only using POMO to manipulate the market?

 

Thu, 03/10/2011 - 15:54 | Link to Comment stantheman
stantheman's picture

BTW what makes you all think that the Fed/PPT is only using POMO to manipulate the market?

 

Thu, 03/10/2011 - 16:26 | Link to Comment infotechsailor
infotechsailor's picture

well, i suppose if you discount 'illegally funding the U.S. deficit' as a legitimate use of POMO, then i guess i see your point... :/

Thu, 03/10/2011 - 15:57 | Link to Comment buzzsaw99
buzzsaw99's picture

B. Gross single handedly ruined the spring housing rebound but can Bennie B. pull off the buzzer beater? March madness bitchez!

Thu, 03/10/2011 - 15:55 | Link to Comment Clapham Junction
Clapham Junction's picture

Do we still buy the dip?

Thu, 03/10/2011 - 15:57 | Link to Comment bob_dabolina
bob_dabolina's picture

If you buy the dip, I'll buy the chips!

OoOoOoOoOoooooo

...ok I'm done here.

Thu, 03/10/2011 - 16:07 | Link to Comment Clapham Junction
Clapham Junction's picture

I just bought the dip.

Thu, 03/10/2011 - 16:14 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

The dips are so good.

Thu, 03/10/2011 - 15:58 | Link to Comment AmazingLarry
AmazingLarry's picture

When in doubt, get a bigger hammer. Wait, make that... create a bigger hammer out of pixy dust and FRN vapors. 

I'm just hoping a silver discount happens around April 3rd or so cuz i gots me about 5 oz worth in ebay bucks coming my way. Weewt!

 

 

Thu, 03/10/2011 - 16:05 | Link to Comment TWORIVER
TWORIVER's picture

White House says will be soon sending disaster relief teams into Libya

Thu, 03/10/2011 - 16:09 | Link to Comment bob_dabolina
bob_dabolina's picture

The White House should consider sending disaster relief teams into itself.

Thu, 03/10/2011 - 16:10 | Link to Comment TWORIVER
TWORIVER's picture

I wonder under what authority they will do this.

Thu, 03/10/2011 - 16:10 | Link to Comment Clapham Junction
Clapham Junction's picture

Shut up and buy the dip.

Thu, 03/10/2011 - 16:19 | Link to Comment TWORIVER
TWORIVER's picture

No fucking way, Copper chart showed it was time to go and time to go it is. If you are not short already you are too late.

Thu, 03/10/2011 - 16:47 | Link to Comment clones2
clones2's picture

+1 - once some of these commodities and other large etf's broke down - it was time to go short - Copper broke down, retailers RTH, and financials XLF.

That was my sign...  2 days ago threw me off.  But even the nasdaq stayed below the 10 dma...

Could get nasty within the next several sessions.

Thu, 03/10/2011 - 16:09 | Link to Comment Clapham Junction
Clapham Junction's picture

Who?  

Thu, 03/10/2011 - 16:16 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

We the People of course! We are the rulers of the politicians, their masters... they tremble at our power over them.

Oh shit, I was dreaming

Thu, 03/10/2011 - 16:23 | Link to Comment rosiescenario
rosiescenario's picture

...you and Charlie put down that pipe...

Thu, 03/10/2011 - 16:08 | Link to Comment Lazane
Lazane's picture

It is not so much a guess of whether their will be a QE 3-4-5 etc as it is a matter of when the orchastrated current events are well enough in place to allow the implementation of their NWO. When the current world financial system can be brought to into chaotic submission in the way that allows for their elite new order to survive, that is when they take their final Q.

Thu, 03/10/2011 - 16:10 | Link to Comment TWORIVER
TWORIVER's picture

White House says will be soon sending disaster relief teams into Libya

Sat, 03/19/2011 - 10:12 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

Thu, 03/10/2011 - 16:12 | Link to Comment Smu the Wonderhorse
Smu the Wonderhorse's picture

My growing idea is that we will go to QE2 lite in June, i.e., no new QE but the Fed will not allow its balance sheet to shrink.  It's what they did before.  If oil and other commodities keep soaring, and with the Ron Pauls getting more traction, I don't think QE3 will be politically viable come June.  Maybe later in 2011 or 2012.  Thoughts?

Sat, 03/19/2011 - 10:12 | Link to Comment Clapham Junction
Clapham Junction's picture

(d)

Thu, 03/10/2011 - 16:18 | Link to Comment Lucius Corneliu...
Lucius Cornelius Sulla's picture

I agree and apparently so does the world's biggest private bond trader.  The FED is walking a very thin line.  Its credibility gap is starting to draw too much attention to itself.  The public is starting to question what is going on behind the curtain of Oz.

Thu, 03/10/2011 - 16:20 | Link to Comment rosiescenario
rosiescenario's picture

"I don't think QE3 will be politically viabl..."

 

...a few more -200 DOW days will change the spirit...plus the ever worsening housing situation, job market, and general economy.

Thu, 03/10/2011 - 16:14 | Link to Comment High Plains Drifter
High Plains Drifter's picture

Gold and silver bottomed out real nicely and are now moving back up. Correction over for the day....Chinese put,  buy , buy , buy  the dips.........

Thu, 03/10/2011 - 16:17 | Link to Comment rosiescenario
rosiescenario's picture

"What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own..."

 

...there will be no scheduled POMO, but there might be a special "air lift" of bills showered over NYC...just in case....not a golden shower but a green one, in keeping with our new found environmental awareness...and in honor of St. Patrick's day.

Thu, 03/10/2011 - 16:26 | Link to Comment Cash_is_Trash
Cash_is_Trash's picture

Ha! A golden shower would destroy parked cars soo juicy.

Thu, 03/10/2011 - 16:31 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

They better get on it now... dow dropping sub 12k!! Alert! Alert!

Thu, 03/10/2011 - 16:35 | Link to Comment sbenard
sbenard's picture

Thank you so much for posting these. I print them and keep them handy.

Thanks also, Tyler, for Zero Hedge!

Thu, 03/10/2011 - 16:36 | Link to Comment sbenard
sbenard's picture

Thank you so much for posting these. I print them and keep them handy.

Thanks also, Tyler, for Zero Hedge!

Thu, 03/10/2011 - 16:58 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

ya, Tyler is the man.

I posted some videos of Marc Faber earlier...

He has a great way of studying information and storing things into the mind easily. REALLY HELPS WITH SCHOOL!

 

What to read and how to read it

"Everybody gets so much information all day long that they lose their common sense." Gertrude Stein

For intelligent investors to read, watch, listen to and surf all the business news that is now available is simply impossible. We must be extremely selective in the allocation of our information-gathering time. In addition, it is not only important what we see but how and when and what we do with the information we collect. My memory looks like a filter with large holes; I take notes and file articles; I always read with a pair of scissors in my hand. I have files on a very wide range of subjects, such as capitalism, globalization, poverty, economic history, psychology, sports, smuggling, economic geography, fraud, the Wall Street industry, dubious practices, mutual funds, art, collectibles, countries, industries, forecasts by market gurus, plagues, commodities, economists, prostitution, brokerage reports, big lies, the IMF, business failures, the World Bank, economic sophistry and literally hundreds more.

I also think that, given my poor memory, it is important for me to file the collected information myself. First of all, it forces me to really read everything in order to know which file something belongs in, and if I file it myself, I may actually manage to find it again. I photocopy articles that I find particularly informative and put a copy of each in many different files, which increases the odds of finding the desired information again.

In general it is quite useless to read something without taking notes or filing it. Ninety-five percent of what we read in today's paper will be forgotten tomorrow morning. (Do you remember what you read in yesterday's paper?)

How should you read? If you have an important meeting at 10 a.m., I doubt that you can or should do serious reading just before rushing to that meeting. Also, if you are continually interrupted by telephone calls and colleagues barging into your office, your ability to concentrate will be significantly curtailed. Demanding articles and reports ought to be taken home or read in peace on a train or plane. I read with a glass of whiskey to boost my spirit, usually between midnight and 4 in the morning, after dinner and a nap.

I read just about anything that comes across my desk, but most of it very superficially. In the morning I focus on the Wall Street Journal, the Financial Times and the International Herald Tribune. I think that the three are fabulous papers, each for different reasons. The Wall Street Journal I read for its coverage of the U.S. economy, its outstanding editorials and articles about the lives and economic conditions of ordinary people in America. Personally, I don't know any other country in the world with such a great paper on domestic economic issues.

The mental digestion and interpretation of what we read is the most important part of acquiring knowledge. That is why I suggested earlier that you read demanding articles and reports only when your mind is completely at peace and best of all with some nice wine or whiskey.

Remember this, too: Don't read only for the sake of acquiring money and knowledge; read also for the beauty of the language and for the pleasure that a well-written report or book can give you.

 

http://new.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=4210

 

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