- advertisements -
time for a pullback; took off almost all my longs and even PM equities
No mo' POMO until next Wednesday. Could get ugly.
Only thing I'm looking to do is break even on this short (my bad for even trying), get an entry for my final physical PM purchase, then I'm leaving Las Vegas for good.
Let it burn.
Ben Bernanke wants to know whos ass is getting whipped in the basement for the market being down.
Analysts expected $5B in government price manipulation, only got $2.2B. Major miss. Market down.
LOL! So true. The only data release that really matters.
Less than 200MM per PD o boy.......
How much we have to lose today for September to go negative????? How cool would that be!!!!!!
What are these CUSIP numbers? What exactly is the Fed buying....somebody please help out the less informed.
You'll need to order a Ovaltine Secret Decoder Ring to determine the CUSIP origination.
The bots are fighting with each other. The first bot out wins!
These days a 30-point down Dow day feels like all hell breaking loose
I thought the QElite was based upon "profits" from the toxic mortgage backed securities. It would appear, with a less than expected purchase by the fed, they didnt profit as much as we were lead to believe.
So with a less than expected POMO, end of mth & quarter, time for a little correction.... the question is how many points will be cashed out this time....this is going to be interesting to watch today.
Still waiting to see if they junk the DX all the way down to 75 like last year, to prime the pump in October.
Seems like they are saving the remaining boolits to use on each other.
OK, so the Wall Street thing isn't going as planned whilst there's no yield. Interest rates aren't going up any time soon, so what to do?
If you're a dyed in the wool Keynsian but you know that what really needs to happen is that people need jobs, just start buying up some of the unused capacity.
They could even spend money installing whatever it is they bought (cows, computers, sewage treatment plants) installing it in Africaland and not be accused of trade violations.
That should create a pretty new bubble and kick the can down the road a bit further.
flash crash, part II?
Trends in line.
Well, we're all out of POMO Red Bull. What else have we got...Monster, 5 Hour Energy, AMP?
This is what I meant when I said that the United States no longer has an interest in keeping the stock market up. Do you get it now? Let's see if you do.
I agree, the 800 point Sept DOW pump was supposed to pick up Obama and Clowngress' disastrous approval ratings, yet has only caused the insolent peasantry to become more angry. Pumping the markets has become a game with -0- returns. It wont go on and on, but will be reverse-coursed quickly as the last gasp of an in-trouble power structure is to throw fear and panic at the people which is what I totaly believe is coming for Oct.
What are the implications of a failed POMO? Lack of supply? Maybe someone who owns treasuries would rather dump them on a day when the Fed isn't ready and waiting?
So assuming people stop selling high-yield bonds to the FED, what other options do they have for QE2? Shorter term, lower intrest bonds make less efficient targets. They will have to buy more. I don't think they'll get the gas milage they originally planned on.
POMO party over now!! Please don't all rush for the exits at once!!
PD's not doen for the day yet. Waiting for sellers to subside (like everyday) and then buy the dip ramping back up to todays high.
oh I don't think this minor inconvenience is gonna prevent them from performing their 3pm magic.
Like clockwork so far: 10am HOD/12pm LOD/ flat til 3pm and a moonshot from there.
Hmmm nope. Maybe tomorrow theyll be able to pump the garbage, or flash crash it. Coin toss.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.