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POMO Begins As Brian Sack Kindly Asks Primary Dealers To Buy AAPL, AMZN, BIDU And NFLX
POMO has started and the ramp is now in full force. We expect Brian Sack to give the green light to the PDs to take stocks into the green. About $3-4 billion in TIPS to be put to the Fed, and will be used to buy AAPL, AMZN, NFLX and BIDU. Full results of today's FRBNY market manipulation episode at the usual time and place.
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We should be slammed today. WTFBS is this.....? Well, GOLD $1303, should scare someone away soon....
The only arrow left is when things look bad in the market and getting worse, they just flush the toilet and watch the Dollar spin around the bowl long enough to prevent the S&P from tanking.
Yea true and true, however, the global finance and trade PTB's will not tolerate much more of this abusive "bigfoot" known as the US FED Chairwoman especially with a protectionist anti-trade Congress and President to boot. There was an $8 buying opportunity in Gold today, then poof, gone.
@rubearish10 : Uncle Greenspan has left the ship long whil ago. He´s the only one scared to death about the Gold surge. Maybe Deutsche Bank will pay him an extra bonus if he is shouting a bit louder ?
Yeah, pay him in .9999 troy ounce bars.
This is bull shit. Fuck that, I'm short AND I'M FUCKING STAYING SHORT. YOU PIECE OF SHIT BEN ASS HATT BERNANKE. I wish you would curl up and die you fucker!!!!
I am with you brother, I am so short, yes, I have to parachute out of bed..... What comes around will get these fucks sooner than later....
I dont get it. This isn't rhetorical but, do you want to lose $ ?
Best of luck with the shorts, for serious.
Honestly, I think the retracement begins in a few sessions. Right now we're doing a whipsaw-jig consolidation before topping out.
Guess we will see...
Short stox will prevail, Fu*k them is right, Dag Nabbit!
Somebody didn't take their happy pill.
<---- Refuses to take the blue pill in the morning.
<---- Refuses to take the red pill at night.
<---- Not drinking the KoolAide either.....
They will be charged with "Drug Avoidance" and summarily given an injection of Debtrol!
LOL
LOL
I can't imagine why anyone would want to be short when you know the game is rigged. Some carefully selected individual companies maybe, but you can't time the collapse should it happen.
Spot on.
Only suckers buck the tiger, the odds are all on the house.woo hoo ... look at OIL go!
i think u can add MELI to the ramp list. just sayin'
POMO into Gold????
Surely there is a dedicated team watching gold flows for this very move - the nuclear option
so this isn't market shrugging off bad news, or that the news this morning was already priced into the market, or ...... [/sarcasm]
can't stay red... can't stay red...
more money going into gold and cotton
AAPL is down on the day at the time of writing - may have broken the straightline robot-created uptrend that we've seen recently - presumably on news of RIM's launch of an iPad competitor though RIM is also down.
Pretty sure all the POMO just went into gold. So I wouldn't curse it too much if you like the yellow metal.
I think someone @ Sack headquarters hit the wrong joystick.
They jammed the EURO stick instead of the AAPL stick.
I think they have so many sticks up their ass it takes them a minute to figure out which one to pull -- looks like they got the right one for a minute. It'll be interesting to see if they can have any effect today (beyond the next 15 minutes of course).
this market should be down 100 plus points. The economic news has been horrible and yet it still levitates to higher highs on no volume.
This can't end well............................
this market should be down 100 plus points. The economic news has been horrible and yet it still levitates to higher highs on no volume.
This can't end well............................
Don't think the PD's can save APPL this time. They are in constant need of a new gadget to keep things moving along. They may have had their day (years) in the sun.
ahhhh, the quirky mechanizations of the free market west.
Oh look, DJIA only down 10 pts now, but I'm sure it's in no way connected to the POMO.
Lets all hail our glorious free markets.
picklejinx moment at 10:39, EK?
The DXY is dropping still...
selling overwhelmed Brian Sack in 2008, and it will do so again, even more violently this time
Remember when it was a mystery if the PPT existed?
Now it gets mentioned on Euro CNBC
"I don't buy it"
POMO DAY
http://williambanzai7.blogspot.com/2010/09/pomo-day.html
Totally with you. LEAPs with low vol, no margin calls. Bring it Ben. Friday ISM will be a nice jolt of reality for everybody.
oil, gold, silver all up. dow/S&P close to flat. i feel like i'm taking crazy pills...
Are they red with little blue swirls? If so, those are Colapsins -- we'll see the side-effects soon.
There are some very well spoken people who do not believe the POMO results in increased equity prices; I have read a well reasoned article recently on the Pragmatic Capitalist arguing this point.
But how can anyone look at the market action this morning and have any doubts that POMO influences?
Again this action seems to hold together the basic thesis of many years; DO NOT FIGHT THE FED!
Many on ZH speak of "kicking the can down the road." I would agree with that analogy but until someone can define when the road ends, then going against the printers will be a losing game. As for me, I see the road extending to the horizon with the end most likely at a point on the timeline where my earthly life will have long expired.
Good luck to the shorts and may God have mercy on your souls.
The Fed is not God on earth, they are just another counterfeiting outfit
Math always wins
I do not understand why you have this infinite view of they fed being able to kick the can. Everything is unravelling before our eyes these past couple of years. Other sovereigns are starting to shun our debt, everyone is racing to devalue their currency to boost exports, and the general public is actually aware about the macro actions implications.
We have entered the start of a new age that is building its foundation while the destruction of the old age is taking place. Do not think for a second that the can kicking will last much longer now, especially since the middle class is nearly destroyed with falling/stagnant income and commodities flying off the charts. So no, this will not last to the horizon. I give the current MO about 5 years as a 3 standard deviation move, but more realistically I give it 2 to 3 years. Nothing, not even the universe, lasts forever. Everything is finite and the fiat system is no different.
You reveal yourslef saying you read the pragmatic capitalist whose musing are worse than useless: " there is no such thing as debt"
actually, what pragcap argues is that QE does not provide any meaningful support to real economy, is counter productive, and that asset prices ultimately reflect value of real assets/economy. That POMO might caue investors to inflate asset values above fair value would be "temporary" in the view of pragcap.
in that sense he really not saying anything much different than what is said here
And Gold, as gold raises commodity stocks.
What I find interesting is it seems like the days of the POMO are on days were the economic data is weak. It is as if the FED knows in advance what the data is going to be and schedules a Pomo on that day.
By jov, I think you got it Sherlock.
"Captain Obvious" to the rescue!
As if? It is the Fed's data.
Gold rocketing
FX intervention to devalue should be good for dollar
Mini Flash Crash in Apple in actual volume should assist in pointing out the pps on a stocks is propped
Crap Econ news
Euro default on the doorstep
Diminishing returns on QE
Retail leaving market enmasse
Weekly volume dying hurting trading profits
Not a job In sight and a pissed American populace
Hey let's buy some overvalued paper. Investors should be gobbling it up with gold at 1500
Spent $535 on a high-speed lead delivery device today -- gotta wait for the permit to get processed though -- keep the kite flying for two more weeks, Ben!
Tyler - don't forget about PCLN!
When the news of the kill is fresh, few detect it's presence. Most are in denial. As the stench of the rotting body extends it's tentacles, the attentive start to recoil. When the the counter-action becomes a thriving meme, the idea is no longer referred to as a conspiracy theory.
I am in awe of the work ZH is doing. IMO, the most incisive journalism since Watergate.
Yet, ys just "know" that the MSM will run with "No one saw it coming!"
I bang my head against the wall 'cause it feels sooo good when I stop!
POMO to gold, best play ever against the Fed's BS game. Couldn't happen to a nicer bunch of *%$#@*&^%$!!!
in their psychopath minds, the Fed has $3 trillion to "invest" in markets. As all compulsive gamblers do, they will continue to double down. But the market will end up more powerful than the Fed. It takes a long time to invest $3 trillion
I do not know why they call it a free Market. There is nothing free about it when it is totally controled by the FED and the HFT Computers.
Nothing more than take from the Tax Payers and give to the Bankers.
All your market are belong to us.
You have no chance to survive make your time.
Sounds like you need some "Miu, relax-flavored water!"
Gold has played its hand. Ben Shalom Bernanke needs to turn the volume down on his OST Team America playlist.
Bernanke...
The Fed...
Team Bernanke, F--K YEAH!
Coming again, to POMO the mother f--king day yeah,
Team Bernanke, F--K YEAH!
Manipulation is the only way!!
I think this is all about Bernankie trying to get his personal account up. To hell with anything and everyone else.
So, if you were long aapl...you just kind of pretend the $16 drop at the open didn't happen? That's the part I am having trouble with...woops all good here just ignore that flash drop and go on with it. Will the next time be a $61 drop at the open?
The chart needed "painting". They couldn't move this pig higher until they had some back and fill. The exact same thing happened in May. (pull out past a 1 yr chart) Overbought chart got "corrected". These computers are f-ing hysterical... all fixed!
Nothing unusual there–AAPL, being the premier consumer go-to, was badly hit by the confidence numbers, as was the market in general. What shouts manipulation is the sudden change of mind at 10:00 am when AAPL joined everything else being goosed. If there was no manipulation you wouldn't have seen a 6-point bitumen burning turnaround in AAPL.
It's not the POMO's. It's the utilization of EXCESS RESERVES. Bankers are buying stocks & bonds.
EXCESS reserves peaked on FEB 24th @ $1,192,169T & have since declined by $216,263B.
Wow 100 DOW's down and at EXACTLY 10:00 we ramp 100 points vertically. What is scary is that they aren't even trying to disguise it any more. I did say yesterday to watch for the end of quarter to be spectacular but this is ridiculous.
Enough of these joke posts do something about this fraud. Shout formthe roof tops Tyler as you keep repeating your self to a legion of people who already know.
Considering the mans audience this is a pretty good "shout from the roof tops"-
9/28/2010 2PM:
EIB Network cites zerohedge.com
"POMO Begins As Brian Sack Kindly Asks Primary Dealers To Buy AAPL, AMZN, BIDU And NFLX"
The rest of us can start taking on other bloggers/threads/congresscritters... I think it's time brothers and sisters. Kick 'em to sleep!
The FED has no balls so they hired a guy named Sack to supplement. POMOs are Indians in northern california. Bernanke is actually a character based on Crusty the Clown.
Why the ranting you ask....because all these observations will be as useful as the FEDs policies to getting back to full employment.
do something about this fraud
The corporate whores and vampires in Washington and Wall St are going to crash the system. Nothing for us to do but stay informed and work out how to survive it. PMs, guns, food, real productive assets - write your own list.
Dirty Pool Bitchez!
This is freaking sad! The FED is out buying any and everything, and we are supposed to think the economy is healthy? This is Bulls#@$T, they should stop the bailouts and let the economy deflate and deleverage. It will be painful, but this will ultimately cause a bigger collapse! They will destroy the dollar trying to prop up the Ponzi mess.
9/28/2010 2PM:
EIB Network cites zerohedge.com
"POMO Begins As Brian Sack Kindly Asks Primary Dealers To Buy AAPL, AMZN, BIDU And NFLX"
Congrats; Tyler, Marla, Travis, Cornelius, Sacrilege, et al.
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