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POMO Results: $3.9 Billion Monetized, At 4.1 Submitted-to-Accepted Ratio
The Fed just completed today's POMO. The result: $3.9 billion in debt monetized, and swiftly used by the PDs to force the Ponzi ramp to new ludicrous heights. This brings the weekly high beta stock liquidity injection courtesy of Brian Sack to just under $12 billion. After all gotta get the sheeple in: otherwise what greater fool will the HFTs and insiders sell their holdings at ever higher cost bases to? Also, the Fed is just oh so generous: the submitted to accepted ratio was the lowest during the entire QE Lite episode so far. Even banks are not all that confident they can convert the "sure money" from USTs into risk free return in a 1,000,000 PE Amazon, of course assuming the Kindle expert does not begin selling crack cocaine on its website (at margins that may for once be positive).
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= 22 handles SPX
Well played, Sir.
Front running the POMO seems to be a great trading strategy. What's the schedule for next week ?
+1 on that question.
If you can't beat 'em, join 'em.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
+1 Correction: "You can't beat 'em, so join 'em."
Tyler posted this previously today.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
What pisses me off is that news sites try to explain these gains to news stories.
Shrugs off, better than, looks cheap etc. All big fuck you to anyone with a brain.
These "news" stories aren't intended for anyone with a brain. Or at least a brain that's unencumbered by ideology, propaganda, mythology or abject fear for their retirement or general well being.
The news is intended to tell lies to those who wish to believe it's the truth. Or at least close enough for government work.
When one is steeped in denial and self deception in the face of a growing fascist government, one realistically has only two choices. Continue to believe the lies, which only means believing one more lie for today. Or unravelling years, no decades, of interlocking lies, propaganda etc.
Which path is the easy softer way to another day of personal emotional can kicking? And which way is the path to excruciating personal hell? Seen from this light, is it any wonder the majority continues to dance with the devil that brought them to the dance.
Listen, the music's started. "Tip Toe To Totalitarianism" Tango anyone?
"We will not monetize the debt." - BB
Fuc*tard
Strictly speaking, the truth. He's letting the PDs do his dirty work for him.
I would love to know what (if any) the bids were on CUSIP 91282NP1.
Why does "91282NP1" stand out to you?
Spit in the ocean, Ben. Look at Shikawa...learn!
Tyler, looking for any reports of wholesale dumping of treasuries. Please keep us posted.
could someone explain to me exactly the mechanism by which to POMO by the Fed finds its way into the markets? I think ZH is saying that PD's front run the bond purchases (with futures?) and then push that money into their HFT strategies on high beta names, but has anyone done a statistical correlation between index gains on POMO days? How about particular momo names on POMO days? maybe the high volume 100?
Seems like that would be key proof...
They call them dark pools for a reason.
can you clarify snowball? i know what a dark pool is, but I don't see how that answers my question - the reason I ask is that I've watch on more than one POMO day and seen the market not do what it's doing today. If POMO represeted de facto market intervention that shouldn't happen.
But, But Peter Schiff, Dr. Doom, The Charts. This is an outrage!! Turn the machines back on.
What a great week. They should really do this again next week..oh wait never mind. POMO 4 ever!!!
And they really should do it 5 days a week in order to smooth out volatility by restoring confidence that the market has a solid floor.
Built of faith.
<\sarc>
Oh yeah, the rats are all over the ship now. An example? That bonce Cody Willard, formerly FBN's captain teaparty has been spruiking AAPL at $1,000 for a couple of weeks. What is he pushing today? GOOG can "zoom past $500 then $1,000 all the way to $2,000."
de ja vu, de ja vu, de ja vu and we all know how this ends every single time.
What does that give em trillion dollar market caps?
Someone get the raid
I wonder what he thinks the price of AAPL in ounces of gold will be...
Cody would recommend
lit sticks of dynamite if they had
a per share price.
You know I bought one of the new Kindles (v3). Not crazy about it. A little too clicky and cheap feeling and the Amazon case's light isn't really bright enough for my bad eyesight. So I shelved it. Like the idea of electronic books; not that great of a gizmo IMO.
not bad, shorting from up here is way better :-))
Yeah, although not too long ago, on 8/31 - 9/1, a similar scenario, the market never let up.
Moreover, it looked like the market was just to have a major breakdown, drop off the 1040 cliff, then bam! It has not looked back since.
Yesterday, it looked like the s&p was going to break and here we ago again.
This is insane. Every POMO daily chart looks like someone punted a football at 9:30. How long can we do this before everyone, and I mean EVERYONE, tries to sell at 11:00:00?
If this keeps up (it looks like it will), everyone will be forced to be on one side of the trade. We know how that story ends. Broke bulls and bears.
Turn me upside down...
http://www.youtube.com/watch?v=dYfDIs4LdSA
4 HUMAN NEURO-PATHOLOGICAL AND SYSTEMIC AGGREGATED AXIOMS:
1. All nations, and virtually all political leaders, embrace a "Real Politik" consciousness. The survival of the nation is paramount, even if it means suffering and death for millions, nay billions, of human beings.
2. ALL credit expansions end in busts. AND, in our global oney-as-debt system of international finance, the expansions get ever-larger, and the bust ever-deeper and more catastrophic.
3. ALL fiat currencies eventually collapse. They MUST, as ALL currencies are inflated by political leaders in an effort to keep the masses from denying the rulers the MANDATE OF HEAVEN.
4. ALL human systems become corrupted by greed and the desire for accumulation. This is a primitive, neurological truth about humans.
My conclusion:
Live in small, self-sustaining communities. Carve out lifestyles that promote good physical, emotional and spiritual health for you and your loved ones. Enjoy the beauty that surrounds you. Don't read Zerohedge too often, as it is bad for your digestive track. Embrace the present. Go long on systemic failure, and short the hell out of the dollar. Make sure your community has easy access to fresh water, alternates to grid-based mass energy sources, and an open-minded spiritual ethos.
Don't see this as POMO bounce. IMO the failed BOJ intervention & LOF out of Germany caused the rocket right at the bell.
One would think that there might be a few, or maybe a couple of, folks left inside the Beltway that might just wonder what the hell the Fed is doing to the market and for the benefit of whom.
This is insane. AMD basically says yesterday the consumer is cutting back...confirming what was said by TI and others.
...and today AMZN is up $6 totally due to the POMO.
The evil doers are alive and well and living in NYC. Forget Al Quaida....these home grown evil doers through their unmitigated greed will be the ones to bring down our country.
I think Ron Paul is the lonely voice talking about this theft.
...makes sense...I voted for him....
This market is "irrationally exuberant". Think I'll buy some more, 'cuz it's just like '94!
Got any silver?
I'm hanging on, because I've seen this ramp-job before. Hey, its only October premium. The payoff outweighs the risk if this sucker breaks. Keep flexing the 'market' Ben, the fine cracks are going to join together in a riotous *snap* when it finally fails.
Seriously, even if my October premium gets shredded, I'd still sell this sucker given another setup. Thought it was all hindenberg before I even heard of the indicator.
What's the cumulative pomo amount since they started the program?
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