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POMO Impact In Pictures
Submitted by Fidel Sarcastro
POMO has come and gone this Friday. Damn the torpedo's (2 bad reports), full steam ahead!
In this first chart you can literally see the Fed's money flowing into the ES lifting every offer in the book. Whether it is directly from the FRBNY or indirectly from traders because their on to "the Sack"...i meant Brian Sack...is immaterial. It's right there in pretty colors.
This next chart shows when "Backstop-Ben's" POMO ended, which caused the market to crawl into a hole. In the lower pane you can see the volume fall off a cliff.
"Free market" my @$$.
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Bernanke: "Damn the torpedoes, full speed ahead. Now what button do I push?"
Thanks WB7
Great pic CD.
It's a re-post of William Banzi 7's great artwork. He should get all the credit.
STUXNET PLEASE STANDBY
http://williambanzai7.blogspot.com/2010/09/stuxnet-standby-notice.html
WB7
I reused your art work above with attribution. Easily one of your best pieces. Thanks.
You have a Perturbed/Perpetual User License from Banzai7 Labs ;-)
WB7
Impressive the way you have given the horror of open pit mining a relative meaning in the context of social and financial manipulation.
Subprime Inferno - check it out, all.
Hadn't seen that one before. Awesome job, WB7!
First glance at the red L hand corner of the keyboard, thought said idiot...
Damn, you're good! That's some funny stuff! Keep'em coming!
WB,
Brilliant. This is one of your best.
Thanks.
Tnx all
That keyboard took more technical time than most of my other stuff.
+ 1 billion zimbabwe dollars!
Cool charts.
Gold to $1700.
"They're" not "their" :p
Wear do you see that?
+10
Nice slider!
Right thurr!
Yes, of course. I didn't proof read it before I hit "send." My apologies :-)
JUUUUuuunnnk! If you try to let lose of the grip of you're anal sphincter from the broomstick that's firmly supplanted in your but, you'll get layed more.
Aren't we all "on to the Sack"?
I think it is more like "the Sack is visible".
why is gold / silver up but CEF and PHYS are in the red today?
Yeah, my CEF is red too.... why is that? Maybe their premium is coming down?
CEF and PHYS(sprott) have a premium and are not tracking ETFs. So, occasionally they have to take the flood of money and buy physical assets- then they have to sell shares to public and allocate the metal. Not a futures ETF but a supposedly real distribution of your money into metal. So, they dilute the pool.
Yes, but neither CEF or PHYS seemed to have issued new shares today...
Actually my guess right now is that the speculators with long options exposure are pumping up the PM futures in preparation for options expiration over the weekend.
The "Boys" are trying to paint a picture that the "he he" "smart" money has stopped stampeding frn's into precious metals !
Can't you see it ?
Expiry on Monday for Gold as well so ?
Hey look! The Emperor has no clothes!
POMO bitchez
cool stuff, like the colors, especially the red ones :-))) we all should get used to red, it will be the prevailing color in coming years!
Yes....in finance and society..........
Can someone please explain the first chart to me, what are we looking at in the ES?
What do the numbers in the light green, green, pink and red boxes connotate?
What do the numbers on the left refer to?
The offers are being lifted on the right & bids hit on the left.
The darker it is, the larger the trade.
Manipulation, POMO style.
Of course, with plenty of plausible deniability included with each bid lifted. The devil always works through tools, fools, stools and primary dealers, with plenty of savants to provide covering fire.
TIMBER!!! APPLE ROLLING??? WOULD IT, COULD IT? If it goes...
yup - been watching it for the past 2 hrs
SHOULD it? yes. But no, someone's eager to get in at 290. 290!
nm, someone got back on the pump
Is there any POMO slated for next week? Or will we have a free market for a second or two?
Affirmative -
The last operation date is Oct 6th (with a settle of Oct 7th). Next week, POMO is POMO-ing on the 28th and 30th, then the 5th and 6th of Oct.
After that, "The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on October 13, 2010."
http://www.newyorkfed.org/markets/tot_operation_schedule.html
You would think the wolf pack would do something to counter these actions.
In order to stop the derivates exploding, the FED just has to prop the market. It might cost a few billion on which they can recover most or wait till armegeddon happens and then they'll need hundreds of trillions.
They'll need to do this till 2015 and make sure no more new derivates are being sold.
Does anybody have figures about those kind of transactions?
I'd Like to see what the keyboard looks like for the guys at the SEC... Perhaps only three
Ctrl, Alt, Delete Kiddy Pron
it's so much easier to have you head in the sand (and watch CNBC).
yes george, "It's not a lie, if you believe it."
All I can say is a pox on all their corrupt, STD-ridden houses(Shakedick, c 1600). My silver hoard up 10% net net in 2 months; screw the manipulated market.
I want to fade this bullshit so bad in the last hour, but I know that some Fed douchebag out there will ramp this thing another 100bps right into the final minutes.
Big thank you to Tyler and all the rest here....
today just shows - again - what a fraud this is. stop participating (either long or short). it's time to take your gains (or loses - yes, a 5 or even $10000 loss today is better than 20 or $50000 6 months from now) and move on. this is not investing anymore, is just a subscription based organized fraud. if you believe that something is over or undervalued in the equity world you are definitely delusional. and no, gold is not an alternative - to cite someone else's work: "Gold is not in short supply, nor are its industrial applications particularly important or of particular benefit to mankind. Aside from diamonds, it’s one of the most frivolous commodities that man digs out of the ground.", so how much is gold really worth ?! (now and if/when the fad disappears)
perhaps it is time to return to the old fashion way of creating / increasing wealth
Short equities, long gold/silver has been working fine for me.
I have to ask.. what are you shorting right now? No I don't work for GS or the Fed.. but I am curious since the short "thingy" isn't working out too well right now?
The short side ain't working by itself, but the pair trade is.
I like EDZ down 5.22% today. Mmmm.
so you're shorting a short etf ?! you rock amigo, hats off
can you give out your pair(s) for the next week ? i don't think so, unless your subscription is up to date
while running the risk of repeating myself, there must be better ways to create or increase your wealth
See the following for future POMO schedules.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
I'm finally having a really pissed off day watching this shit.
I've been trying to laugh it off for the past several weeks. Been succeeding, too.
But today has pushed me over the edge. Between the reckless, careless POMO stock ramp job to the competitive currency devaluations to the Evil Empire brazenly suppressing gold under 1300 to the mockery of Stephen Colbert before Congress, I'm just sick to my stomach.
I'm out. Gotta get out of here. Take the weekend to cool down.
Fuck Bernanke.
Fuck Geithner.
Fuck GS.
Fuck JPM.
Fuck Congress.
Fuck everybody I missed.
Turd out.
OK, Turd, if this doesn't make you laugh then you've truly lost it.
I present the best triology of "McGruber" skits from Saturday Night Live...EVER. The last one being the best.
Take the 4 minutes and watch 'em. Absolutely hilarious...seriously.
http://www.gizmodo.com.au/2008/10/macgruber_defusing_bomb_has_just_enough_time_to_check_stocks_online-2/
Let me second that...I have been in the market 45 years and this is total insanity...it is simply unbelievable what is being done.
You might think there would be 1 or 2 honest individuals within the current regime who might comment on what the Fed is actually doing.
SNAFU Totale!
Most folks on ZH would probably "enjoy" watching the following 45 min. video on how we got here...pretty well done.
http://dailycapitalist.com/2010/09/11/a-movie-you-must-see/
The question I have is if the manipulation is driving all of the bears out of the market, who is selling stock to the POMO buyers? Farting unicorns?
Corporate insiders are selling their stock at a ratio of 300 to 1. Now there is a real look at the redistribution of money. Bankers and corp executives can't create option based compensation fast enough. Taxpayer money used to buy crappy stocks sold by crappy executives!!!!
The bulls are back: Stocks surge Sell gold- happy days are here again!Could someone please explain to a mortal such as myself wtf that top graph shows? Yea, I saw the one sentence summary above it... but what are the stacks of bars and whatnot? Axis labels? Completely clueless..
Thanks.
Each column is simply a price bar similar to an O/H/L/C bar, but in column style where you can see the executed trades at each price. The data at the bottom = net aggressive sellers vs. buyers. On the left is the volume at price as it develops during the auction process, giving a bell shaped curve on non-trending days...and whatever shape on the others.
Im fed up with the blant ponzi scheme with our money. How do we expose it?
I am so close to walking down Constitution Ave in front of the Treasury building during rush hour and hold a picket sign saying "The Fed gives TBTF banks money to prop up the stock market" (or something shorter than that)
We all need to start a writing campaign to each and every one of our constitutional congressional and senatorial people up for election. We need to make them aware of what is really going on in the market with printed money. This POMO printed money, HFT, along with what they did with Fannie and Freddie has destroyed the free markets. Those are the only things that have destroyed the market. Oh wait, almost forgot about all of the extras added in to save us. All of those great rules the government (cough) Sec has come up with has helped destroy the markets in a big way. It would still be working if they just left it alone in the first place to let the free market make sense of itself. The government destroyed the markets. Nobody else did this but these retards.
Hell, just look at that keyboard. Where are the pitchforks?
I can't believe they didn't hit 1050 on the SPOOs. What a pathetic bunch of amateurs.
I expected it all afternoon and was disappointed each time I went long.
Anybody care to explain the first chart? Thanks in advance.
Where does one get the first chart TD used in this post?
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Interesting... Now if I only knew how to read them!
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