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POMO Completed, New York Fed Injects $550 Million To Get Apple, Amazon And Netflix Back To Unchanged
We hope Brian Sack at least hands out a free Kindle, iPad, and DVD rental to all US taxpayers, after all it was all their money that just got these stocks back to unchanged, and prevented a rout in the Nasdaq, nearly 25% of which is determined by just these three stocks (AAPL, AMZN and NFLX). Your taxpayer money in use. And now the question is who frontruns the other frontrunners in taking profits ahead of the next POMO on Thursday.
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Nifty fifty
Gold spike! $1305
Edit: I see Tyler got that already. I'm excitable!!!
Damez.
And you tough guys are just strong and silent when gold rallies? Riiiight! ;-)
It is rather entertaining to see right when POMO ended AAPL starts its decline all over again.
We'll see. As of now, 11:30 EST, SP500 has turned positive and Dow is 18+. Wait by the time it took me to write the first line, Dow is +34 and SP+2 points.
Do not underestimate the Devil who is acting via Fed these days.
It well past obvious and fully into officially farcical.
This $550 million number is simply for public consumption. I suspect what's going on in the background would curl the hair if it were made public.
Considering how bad the economic news is becoming, once again and despite the constant white wash, this must be extremely frightening to the powers that be.
I don't know what makes me more angry: the feds manipulation being sold to the public as organic growth, or the fact that when I try to tell my friends and family that this is all just fed manipulation, they think that I am going crazy with conspiracy theories. This whole thing is a farce!
Thats what Im thinking about these days, I hope behind the scenes its ugly, has to be, theres no way out for them in the FED and PD's and I hope theyre tormented day and nite and have to use heavy drug doses to even get a wink of sleep.
Well said CD.
It's time for the crackhead, once known as the US economy, to enter detox.
Did you just report $550m purchased, that's a little lower than usual, yes?
ya, compared to 6 bn or so...losing steam?
Now we sell off.
This market isn't going to sell off as long as there is a Big Ben put. I would like it if we had free markets,but we don't. So I'll take the easy money thanks to the U.S. taxpayer.
" So I'll take the easy money"
"This market isn't going to sell off as long as there is a Big Ben put"
Frking market has been selling off for years, regardless of what the Fed does short term. SPY is at 1998 levels even after this 70% (POMO) rally off the March 2009 low.
Fuck the Easy money
Don't forget (lol): POMO also keeping the Wall Street unemployment rate a bit lower too! Need at least ten pimple faced Atari junkies to execute trades! What a boost to this economy!
550 Million doesn't seem like much even when leveraged up
Seriously, all this shit becomes ridiculous. How long do they think they can maintain the stocks?
Just until the upcoming election.
Escapekey yes I agree thats their idea, pump for elections, however its having the opposite effect as confidence numbers and poll numbers plunge for them all, Obama on down. His approval rating as of today is 40%, thats probably padded by 5 points at least and the consumer is anything but confident. I say by mid Oct they reverse course, go to Plan B, and the wheels completely fall off all of this nonsense.
True, but isn't the plan to artificially keep the market up until the Repuglican victory when it will naturally go up?
"Just until the upcoming election".
The shit will hit the fan when it does, regardless of the election. This whole 20 day and counting jamm job with get crashed off in few days.
NY FED actions shatter all cause for confidence in the system
who could not want to GTFO ? Seriously. Our authorities are flagrantly just fucking with us every day.
They bought 8% of what was offered to them. What a joke...no one wants to hold the shit...why do they buy it in the first place???
We are close to that point where ALL THE POMO in the world simply won't matter anymore! At the very top of this obscene ramp in stocks the "news" coming from good old Europe will put an end to this farce!
I agree. I keep wondering when the Fed will hit bottom.
POMO Junkies. That would be a good name for a band.
"I keep wondering when the Fed will hit bottom"... They hit bottom when a much larger portion of the worlds population start paying attention. It will come from abroad as all our "friends" reject supporting our debt. The Fed lays off the debt to all takers as long as they can, until someone yells "fire".... STAMPEDE to follow, best get out of the way early.
What if they have all stopped buying it already, and they have just agreed to report that they have it, when actually they are getting rid of it as fast as possible. It would be in their interests to do this so that they could find buyers at these prices rather than no buyer at any price as they all dump it all at once.
Another way to put this... what if the Fed is buying it ALL?
I agree, law of diminishing returns at damn near -0- right now.
Larouche's triple curve keeps shorting out (as in electrical short!) the currency pumps! The load is simply too big for the tiny printing presses to handle at this point.
I gotta hand it to youse guys. Good call on the POMO thingie.
The FED did not want to sell too many TIPS due to fellation fears.
Head em off at the pass and chew through their resistance?
"Some days it just doesn't pay to gnaw through the leather straps!"
That was a funny slip of the tongue! Better to fel-late than never, I guess.
duplicate
Don't forget IBM.
Fresh, new, world record high.
"But it's a bear market! This can't go on!!"
LOL....
Is that a picture of you?
No, it is the uber-loser Prechter.
I thought it was that Heaven's Gate cult leader (of course, he's dead!)
Is that a picture of you?... Easy mistake goldminer, he is the real deal.
http://realvideosite.com/Pets-And-Animals_411_Monkey-Smells-Finger-From-His-Ass
Dear Tyler Durden, or whoever runs this site, why does Robo have contributor privileges?
Every great drama needs a few characters wearing black hats to keep things stirred up. Robo, Nadler, Bravo, Chinese solars- all have an important role to play. The foil.
Robo was kidnapped, water boarded until he gave up his ZH password, then fed to his own crocodiles. An impostor has been posting in his place for many months now.
Robo drunk and delusional on Bennibux overdose. Happens to the best of em when they sell out to the dark side. But theyll pay for it big soon.
Robo is one of the good guys and has contributed a great deal to this site. IBM is beginning to resemble a parabolic blowoff top, as is AAPL, S&P 500, gold, silver, etc. It's pedal to the metal, and Helicopter Ben's driving a Camry.
RT's posts illuminate what the value is at the surface. For a blog thats pretty good no? He's been accurate with that since I've been here.
Robo looks at the numbers... the historic movement... and he, like me and very few others who are not strictly moved by our feelings... or our gut telling us to Buy High... or fear that the Fed will ever run out of linen to print on... Basically reality based, logical assumptions on what will and will not happen... not pray for the end cause we got our panties in a twist...
The End is Near! I Feel it!! Buy Gold at near all time highs... Hurry! and save buy the dips, You dips!
Logic... Numbers.. 1 + 1 = 2! not I feel like if the end comes then the value of 2 should be 50,000 because paper can and will burn... if You use a flame thrower... or whatever Fear Inspired Thoughts my float thru Your Heads.
Gold is expensive. Ammo, Food, Medicine and then Gold if You have all of the other bases covered. Common sense has long ago been run out of ZH, in mass... due to the constant "Yawn" bottom feeders who are now jobless and have time to bang away on their keyboards...
Robo is just fine, You are looking for an audience because Your books didn’t sell or were never published... whatever. You write damn pretty, if the lights go out I wonder how that skill will serve You? How will Your eloquent words help You or Your Family in the event that the World grinds to a halt?
Clearly you and humor are not acquainted. Give it a try, you might like it.
I suspect I'm going to channel Tommy Cooper her, but I'll give it a go:
Abracadabra!
<img src="http://www.elcivics.com/lop_rabbit_easter.jpg"/>
Bugger
Nice try, but your magic is weakened by the ZH firewall preventing picture posting unless you're a contributor or "da man" himself.
Let me help you with your magic. Nice bunny. :>)
Pretty!
Why shoot the messanger? Has RoBo posted anything that is not factual here?
Fight the Fed if you like, but there is no need to question the posting privileges of those who see the futility in your personal fight against a power you cannot withstand.
Your time will come Mr. Short, but it may not be today.
Lies and counterfeiting can only take the syndicate so far. Unless they can pull off mass exterminations they are going to have to face up to attempted theft of America and the their role in the destruction of most productive people's savings and future. I am really wondering how they plan on dodging that. Their lies just don't work like they used to.
Correct, No Mas; some otherwise capable and intelligent peeps here are slumming on the wrong side of their brain; to the point where they believe one has 'sold out' if they are bilateral-enough mentally to accept the possibility of making money.
I know because I went through the head trauma in 2009 until I gave up being righteous in favor of choosing my battles long and short.
Bottom line: If you are alert enough to see the game, you can play it. If you can mint some coin, why are you bitching?
I don't have any problem with that...I just want to know where the hell robo was with his aapl chart -- the same one he's been pimping (almost as much as harry) like a two bit whore on hollywood blvd along with the amzn, nflx, etc gang -- this morning when it dropped $16 at the open -- yeah that's really normal for a nasdaq stock (that always trades pre-market) with no news. My point is his posts have lost value because he only shows up when it is going one way.
I think I will spearhead a petition to have your picture/chart posting abilities revoked. Or, maybe we just need the anti-robo picture/chart poster to balance you out...
I'm fairly talented with photoshop and willing to be the anti robo but I'd rather not. Government intervention into securities is no joke wheter you're long or short.
OK I'll ask Tyler if I can be the ZH 'balance' to Robo. I'll find a couple of stock charts that are down on the day and post some naked Ernest Borgnine pics along with em.
Post the charts; that would be nice to see.
But for maximum effect, naked pictures of Her Thighness would be the better choice.
The guy was smart enough to keep his shirt and pants on because I couldn't find any "neckid" pics of Ernest. But I did find this old shot of him and Grace Kelly. God but was she ever a beauty.
jimmy christmas, especially compared to that mug...
still, youth/beauty is a frame of mind more than anything---> http://www.youtube.com/watch?v=oEhKZNQlJrY
LOL
"You shook his hand!"
freaking fox news. I have never been able to decide if they're that stupid for real or just fantastic, like edward norton grade excellent at acting. They're grown men & women giggling as if somebody just said 'fart' in a pre-school.
skinny, eating disorder? Mentally challenged?
5 foot nothing... shallow end of the gene pool?
and this is what You find attractive? I wonder what Your family tree is looking like these days?
Breeding Your line into nothingness... and You, Yourself a Victim of popular culture... with all of the writing You do I would have assumed You would have been free of such things... You have said a lot.
Will someone please grab the chlorine? JW n FL is pissing in the pool again.
Just because no one has stated the obvious yet, I'd hit that.
SOX continues to NOT break out...
the fed needs to be shut down asap
they destroy free market capitalism more each day
Brian Sack's sack is now empty although he needs another box of kleenex.
I'm on the CVS site now, what's his address again?
RIAA got hacked and they outed all thier emails about how they were sending threatening letters to midde class UK and american families and have extorted about 100 million dollars so far from da pirates. 1/3 to the lawyers 1/3 to the data collection geeks and 1/3 to the content providers (injured parties).
People worry about the conciousness raising of the bloggers but the. No I don't want to go to your damn computer science classes hackers are some seriously dangerous people.
Oh get neflix. Pay your disney magic kingdom taxes, bitchez!!
If you look at the prices of Aapl, Nflx, Amzn they appear to be way overvalued. No Bank or anyone else would buy them at these levels with their Own Money. But, if handed a bag of Tax Payer Money, who cares. They do not have anything to lose, the Tax Payers that have no say have everything to lose.
why is North Korea TV (MSNBC) and their parent the Obama Network (NBC) not talking about this?
Well, I don't see it on Hitler Jugend TV either.
Everyone expecting POMO to work again like usual, and it was a little soft this time...hmm.
you have to admit: it is pretty impressive that the feds can utterly control the markets. It's such a joke.
End of quarter window dressing plain and simple.
And, Ladies & Gentlemen, we are UP and humping along! Can you people imagine what it is going to look like after this "market" simply falls underneath your basement line?!? I can't!
Wimpy: "I will gladly pay you on Tuesday, for a hamburger today!"
I fully expect to see Tyler on CNBS when they're sitting around gobsmacked, saying "Who saw this coming??", issuing punches to the nose for all involved!
What, only $550 million?
Even CNBC must be questioning a 120 odd point turnaround on the figures today from the low following them.
DavidC
They are not paid to do that!
The world is short equities. Until that changes LONG BITCHES
When the plug finally gets pulled on AAPL it will be a sight to behold. Denninger today talks about about renewed competition from RIMM with their new phone. We already know what Android is doing to their market share.
http://market-ticker.org/akcs-www?post=167648
Helium is NO substitue for Oxygen! The market's lungs will deflate and no amount of CPR or defillibration is gonna help!
EUR/USD 1.3575
USD/Yen 83.8300
AUD/USD 0.9677
Here's a secret
buy gold beechezzz
Isn't $500 mil is pocket change in comparison to recent POMO's? Doesn't this signal a fundamental change (lower) in POMO going forward? 75% of recent POMO activities should signal caution ahead no?
Look bitchez, you gotta just frontrun the FED. Aapl is America's darling. That pancreatic cancer will never get Steve, the C.O.O. is replaceable, and the pipeline of fascinating gadgets will never cease. Just buy your out of the money calls and let the cheerleaders do the rest.
This is quite frightening to see that the future of America depends on a company which manufactures Mp3 players and phones.
Right now, the emerging countries love buying Old Continent and America goods, such as Mercedes-Benz cars, to show who is the new boss and who can now afford it.
But soon, this proudness display will fade away and the BRIC will start buying goods from their own companies.
Making iPods and phones is not difficult. If you erase the marketing, there is nothing left in Apple.
You're missing the point. What's frightening about America is that the general public fails to comprehend how the politicians have effectively destroyed our system of free-enterprise, beginning and ending with their transparent manipulation of the financial sector.
Maybe you can help point out to some of those "general public" news sources such as this one?
Right on - dunno why ZH has jumped the shark into a perma bear board - objectively the trend is up - large cap profitablity and balance sheets are decent - some dividend yields are 2x bond yields - fu$k the banks just make money front running Ben - its just another helicopter pass for him
Quit hogging the damn koolaid, you crazy yak.
I was a bear in 08, a bill until April this year, I follow da money.
All about the benjamins
We "perma" bears ARE frontrunning Ben, and everyone else, by buying gold before it becomes fashionable. Our returns are much better than pretty much any strategy involving the markets, with very little risk, and no real need to be nimble, save for piking entrance points.
I love how people keep saying we're wrong even as we rake in the dough damn near EVERY DAY. Shit, I'm bringing in so much from my gold and silver, I could retire if I cared to. I like my job, though, and I like buying gold and silver, rather than having to sell it.
Curious . . . Is hot POMO money levered up via AUD/USD carry before moving into the market to bid up high flyers like AMZN & AAPL?
The currency moves we are seeing are incredible with EUR/USD up 1.50% in 8 hours. Of course everyone short the USD is by default long the EUR which from a fundamental perspective may not be any better.
To paraphrase Spock:
The needs of the few outweigh the needs of the many.
From the perspective of the "few" of course
We live in "interesting" times. Tyler Durden: American Hero
POMO EXPLAINED ;-)
http://williambanzai7.blogspot.com/2010/09/pomo-explained.html
Strippers/Burlesque is a noble profession, compared to the Fed and Banksters!
Right, monetary instability is not conducive to increased consumer spending... and no-one can look at the equity price and agree that it is at a fair value, the Fed is clear it is buying the market, for the sake of the Banks, who re-leveraged! No Consumer spending, no taxes, -- no tax revenue, no sovereign bond demand.. the purpose of a central bank is monetray stability, the goal of the Fed has been something else altogether.
The maor commercials should not have had a lien on central bank policy, both of these people are very high level, and not necessarilyequal, but they are two very separate disciplines...the FR system is an excellent one and I understand the FRBNY is slightly different, but interventions of this type should probably purely about managing various rates, rather than using currency, to paint tape. .. hmm,
The purpose of a central bank is theft. It always has been and it always will be. Free people do not allow others to dictate to them what to use as money and do not tollerate being forced to use counterfeit money.
There will be no need for a "central bank" with monopoly privileges to steal when people are free to choose again.
Might as well get James Cameron to direct QE2, it's going to be an epic fade. Meanwhile, while the market prices it in, why fight the Fed? I like having a built in put and trading risk free on the days they intervene.
Can't wait to see everyone's reaction to "Inside Job", once the ramifications have had time to sink through all the thick skulls out there!
Banzai you crack me up.
Tyler knows and we all know, that the stock market is just a stuffed shirt. A financial scarecrow designed to create the illusion of fiscal health. Because you see, perception is truly reality. It doesn't matter that the whole illusion is based in bullshit...what matters is that mom and pop investor come home and see that the Ponzi hasn't collapsed and thus they continue to believe in the fiscal health of the greatest Ponzi scheme ever contrived. That illusion of a healthy stock market gives them the ammo to fend off any attack that our country isn't healthy.
Sure, its a fucking joke. But as long as the hordes wanna believe it...all you can do is frontrun the stampede until the perception changes.
I think the point is the hordes don't have to believe anything anymore. The Fed & PDs can keep the game going without them--until they don't want to-or can't
Sooner or later, the Fed will hit the "Pump" switch and get thrown across the room from the force of the explosion! They can want to until they're blue in the face, but expotential functions WILL win -- absolutes do exist, despite what people "believe" or perceive!
Is 20 weeks of mutual fund outflows a perception change by mom and pop?
Mis-perception is of course not truly reality, as any victim in nature that succumbs to a camouflaged predator will quickly tell you. Are you doing anything to help the "herd" see through the smoke and mirrors? That "herd" might learn that they have "horns" and are capable of switching roles. Why do the predators think they can get away with this and not end up with billions of angry victims around the world looking to even the score? Are they suicidal or do they have some really nasty plans afoot to make the problem "go away". Do they really think they can sleaze their way through this?
I propose a new moniker for PPT.
bCdOmO
That is behind "Closed" doors "Open" market Operations.
That, is doublespeak, right there.
ORI
http://aadivaahan.wordpress.com
It is all somewhat poetic.
Lenin dies and they build a mausoleum complete with wax figure for viewing.
Mao dies and they build a mausoleum complete with wax figure for viewing.
The stock market dies and ....
While I feel certain that the depths of human stupidity can never be fully fathomed, I have a really hard time figuring out how anyone capable of fogging a mirror can remain ignorant to the outright manipulation (and probably resultant destruction) of the market anymore. Although, I have to say, I can feel the ability to be angry about this sort of thing ebbing away...now, it's just sad and pathetic, like watching ants try to build a dam against a tsunami.
Probably a dumb question but POMO noob... Here goes... I get POMO getting cash in the hands of the banksters, but how do we know they then pump stocks? Why not buy something else with it, or just keep it in their vaults? Do we get evidence of the banksters buying AAPL, etc?
Did it ever occur to you that they might want to control all the homes, all the companies, all the wealth, and since they have a monopoly of counterfeit money (and a counterfeit heart) to work with they don't care what the "price" is they have to pay?
Of course. I understand they could buy stocks with it, take over the world, etc, etc. etc. and I wouldn't be surprised. But my question is do we have proof that they are doing that? Other than indirect evidence that the market is going up, therefore we deduce it must be due to banksters buying with POMO cash. I suppose institutional ownership data would show increasing holdings of those companies by the banksters. Would be interesting to see such graphs.
Also if world ownership is the goal, that doesn't jive with the stated goal of getting AMZN, NFLX, AAPL back to flat, which seems to imply the goal is to continue the charade of a non-crashing market. Why keep buying into such a market if they (banksters) know that without their purchases, the stocks would tank? If they want control, put that cash in the vault, let the NASDAQ get buzzsawed and *then* buy on the cheap, right?
Well it all gets down to intent doesn't it? If you are already fabulously wealthy becasue you got away with theft on a global scale for quite a while would you be worried about a market crash or would you be worried about what people in general might do when they figure out they have been turned into slaves and all their wealth is in the hands of criminals? Better still, if you were fabulously wealthy and you thought you had the technology to make most people obsolete what would you think about 6 billion people who don't have what you have and don't like being cheated, murdered, and defrauded? If you weren't up to outright genocide maybe you might reason that if you controlled all the jobs, all the homes, all the bank accounts and all the credit that you might have a chance to survive your crimes? Why are you looking for proof? Isn't history good enough for you? Do you think first use of fiat money is some kind of legitimate role of "government" or a central bank? Do you think that buying stuff with that is anything other than crime? A super rich criminal, if he isn't a total idiot, worries about loosing his loot and having to face his crimes and plans accordingly. Are you having trouble coming to a judgment that this is the current circumstance on this planet today?
Dude relax... I'm not on their side for chrissake. ;) I agree they're criminals, fiat is garbage, theft on a grand scale, etc. All I'm wondering is how TD can say that they are buying AMZN, AAPL, and NFLX with certainty. I guess basically by not providing direct evidence you are saying there is no way to know with certainty, so this is a theory based on the assumption that they want to keep the show going a little longer to keep robbing us. And that's fine as an answer, I get it, just wanted to make sure I wasn't missing anything. Thanks for the discussion.
Yes, I kind of figured that was the case. For me personally I think I know which groups of actors control most of the volume in the market on most days, especially low volume days. I have seen enough evidence of that to not be particularly interested in the particulars on a particular day anymore. When you follow the power lines of most "institutions" that control significant equity these days you get a increasingly shortening list of "suspects" and their interests and future prospects appear more and more congruent with those of the "central bank". That's enough for me. If you are not part of the aforementioned club it isn't very much good to know what they did today if you don't know what they will do tomorrow. You have already seen the "market" crash 1000 points in a few hours and then recover or run up 800 points in a few weeks. You know who controls "most" of the volume so you know who is mostly responsible. Do you want to bet on either of these two possibilities that has no apparent correlation to any information that a non-member of the "club" has access to because you might know what some club members did the last few days with certain stocks?
Gotcha. Like I said thanks for the discussion. Even if you're in the choir, sometimes it's good to hear the sermon again. :) Thieving bastards....
I'm guessing that the intent is to get the DOW back up to around 14,000, then sell out to the bigger fools.
Fed thinks they are smarter than the market. No one is. They will be exposed. It takes a while to spend $3 trillion
British Airways: pensions deficit, conseratively, $3.8bn. Market cap, $2.7bn.. just posted, this Saturday, a record quarterly loss, -$536m.. just had almost the entire staff walk on strike.. sound like an healthy company? Stock price, up from ~210p to ~243p : merger, only possible if Pensions obligations can be ring-fenced, probably not legal.. still does nothing for profitability. Who, in their right mind, would buy this stock?
"Legal" is what ever the counterfieting monopoly tells the judicial monopoly to make it. Soluntion: refuse monoply money, monopoly judiciary, and monopoly enforcement. Only purchase justice and security services from non-monopoly service providers subject to the constraints of a free market (that means refuse to accept fiat money and rufuse to pay any involuntary "tax").
I would expect people start front running the days the FEDs not performing POMO...
Starting tonight.
Don't forget PCLN.
this stock has more than doubled since June trading about 1 million share a day.
Now 350.00 Stock. And of course BIDU has a PE over 100.
Wow, Bill Gross just said we are witnessing the Fed's last gasp. Seems he's against QE2? Does this mean El-Erian is going to Washington and not him?
Every day we get bad economic releases and market tanks, then POMO and market goes to positive and then we end the day slightly down.
Trading strategy if you dare to trade in front of a bunch of big robots: Sleep on a small short equity/long UST position, cover after the economic release and go short again when equity is in the green after the POMO.
When the market goes down on POM days it is because of "The POMO BEASR DOCTE
POMO BEAR DOCTORS BY S. A. BARRETT INTRODUCTIONOne of the most concrete and persistent convictions of the Indians of a large part of California is the belief in the existence of persons of magic power able to turn themselves into grizzly bears. Such shamans are called "bear doctors" by the English-speaking Indians and their American neighbors.
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