This page has been archived and commenting is disabled.
POMO #2 Begins
Nothing to see here: just Brian Sack handing out fitties for the second time today so Prime Brokers such as Jefferies which apparently can't even balance its books (from Jefferies preliminary results: "The results were preliminary because Jefferies is trying to
reconcile differences in records between it and an unnamed
clearing bank that deals with a portion of its fixed-income
business. The clearing bank’s records differ from Jefferies’s
figures by $39 million, and if correct, may cause 2010 profit to
be reduced by 7 cents to $1.08, the firm said in the statement." All in a day's work when nobody gives two cents about what lies behind the numbers, pun intended) go out and buy some Amazon for prop accounts. This particular POMO will buy Treasurys due between 12/31/2014 -
05/31/2016 for a total of about $7 billion. Results posted here in 45 minutes. We expect the submitted to accepted ratio to be notably higher than this morning's 2.2x.
»
- 2338 reads
- Printer-friendly version
- Send to friend
- advertisements -
Watch RL (113.47; -.70). Made a new high and is now red. A close below 112.7 is a potential Reversal Day.
Aren't these supposed to make rates go DOWN?
Did you really believe that was the actual reason?
The debt needs to be monetized, so the debt will be monetized.
And Tomorrow Full Moon, + Bradley Model Turning Point (...Time to short )¡¡¡¡till 30th dec...
No XMas Rally this year
You mean besides the one we've had for the past 3 weeks?
Does "Unnamed" mean (BK.N) then.........
L'inflazione
Sounds more acceptable in Italian
Think about this in light of the Repo 105 lawsuit E&Y faces -- perhaps someone is getting cold feet about signing their SEC filings.
Yep.
crAAPL is up, nothing else matters. :insert chart here:
Soon to be the biggest market cap in the world bitchez!
Sweet. Nothing like a criminal syndicate Wall Street bank that cannot add. Although...when you think about it, being bad with math is still better than being a lying sack of you know what by REDUCING LOAN LOSS RESERVES TO BEAT BY A PENNY AND THEN ISSUING BONDS TO RAISE LOAN LOSS RESERVES THE VERY NEXT DAY ;)
But you are correct, Tyler. No one gives a crap about anything anymore except tying to get a better grip on how UnicornDew production is coming along this year, and whether or not PixieDust production is going to mean more partying at the Roach Motel [SPY] with Average Joe pickin' up the tab at the OPEN BAR while syndicate bankers cash $100 million dollar bonus checks [no kidding] after committing complete and plain to see magic report trickery...until a guy starts wondering if it is all just because of fluoride or something, or until maybe he just decides to go ahead and get busy with hopium and other stuff so that he can learn to live outside of his closet and not under a great big pile of winter coats...certain that FBI guys won't find him there because FBI guys apparently have been issued hockey helmets...IF THEY CANNOT SEE ANY OF THIS STUFF.
But what do I know...
Additional:
...all on a super duper ironic day when shares of Blight on America [BoA] bank are actually holding up the DOW. Will wonders never cease to cause wonder?
I'd say that Jefferies either has a problem with the intricacies of "New Math," or somebody didn't get an updated copy of this year's cook-book!
As for the awareness of UnicornDew production numbers, around these parts the "leaders" are focused squarely on facade maintenance. While they see the destruction going on around them, they ignore its cause (capital destruction via debt-fueled consumption) while trying to negate its effect with loud proclamations of "Process Management," which is now in the "Agile" stage. No capital? No biggie, we've just got to improve our destruction process until it creates value! You know, make it up on volume.
I swear the closer this titanic gets to the iceberg, the more important the placement of the deck chairs becomes. Anything to escape the gnawing nullity otherwise known as cognitive dissonance. Because, as we know, once we lose the illusion, all hope is lost, as it was all we ever had.
NotApplicable,
F'nA man. I could not have said that better....than you just said it.
I wonder if New Math is harder than captcha math? We might be able to forgive Jefferies within that context...'cause I know I suck at it...although I am not an investment banker...so...
As I watch certain things that we shall just call "underlying things," I fairly see that the illusion is already dissolving. And what advances in its stead is the back end, underperforming hopes, aspirations, fluoride bets and PixieDust out o de money calls...if you know what I mean...
So bring on reality 'cause I know Robo will chart it for us as it descends...
Three-card monte:
a) win on the dollar
b) find the gold
or c) invest for value
"We expect the submitted to accepted ratio to be notably higher than this morning's 2.2x."
Huh, why?
"Fed's Outright Treasury Coupons Purchase for USD 6.779bln Dec 2014 - May 2016, Submitted/Accepted ratio 2.41"
Not such much higher...
However, you still noted it. ;)
Newbie question: What does "submitted to accepted" mean? What is good/bad about high/low figures here?
Hey Robo,
nice trade on IAG, now 17.98... how are you going to play it?
Who says there is no inflation. My 7-11 coffee just went up to $2.00 this morning. Grrrrrrrrr!!!!
7-11 coffee? Why arent you doing like the rest of Prozac USA and getting the $5 Starbucks grande latte enema along with the $9 breakfast burrito next door at Chipotle?
And once you substitute the coffee with a bottle of water for $1, it will magically cause the CPI to go even lower.
Watch when Greece goes over 12%..Eu will be in contagion.
On Greece 12 % alert watch... now.
Why BS is 'liquifying the banks' .. knows what is coming.
REITS are continuing their unabated trip into outer space...
IYR going, going, going, going to the moon. Another 45 degree ramp job all day long...all day strong.
Chasing the REIT dragon has its advantages, enough so that fools and noobs rush in at this late hour.