This page has been archived and commenting is disabled.
Prepare For POMO Monday... POMO Wednesday.... And POMO Friday
This week the Fed goes into overdrive mode, making sure September hedge fund redemption requests are minimum. Starting today, Brian Sack will buy a few billion bonds dated 2016-2020, followed up by a new batch of bonds maturity 2013-2014, and will complete the week's trifecta on Friday by monetizing a fresh $2-3 billion of 2014-2016 bonds. Look for stocks to open lower and surge higher in the tried and true fashion of completely expected Fed market manipulation, once PDs convert their marginal bond holdings into stocks as the September short-covering frenzy goes to an all new level.
»
- 7453 reads
- Printer-friendly version
- Send to friend
- advertisements -
Print and pump that junk baby!!!
I had a dream that BB was forced to abandon pomo SPY buying and switch to shorting gold paper
yeah, shorting gold. snort.....every time we have these POMO days, its like gold snorts coke.
anyone interested in a small silver/gold company? MNEAF -- buck a share. guy who took GG from 9 bucks to forty five, Rob McEwen just unloaded some of his other stuff to "concentrate" on making the most of MNEAF.....
i mean, hell, if Ben is going to destroy the stock market, we might as well take advantage and buy up the stuff he really, really, really doesn't want to go up........and that he's spending serious cash to keep down and quiet....
cause you know....they can't keep this up forever.
There are so many juniors and most will do well as all boats rise with the tide. If McEwen is focusing his efforts on MNEAF, it's surely a good buy. I've been steadily buying a group of them, especially the silver juniors, i.e. GPRLF, SLVXF, ECUXF, and YRLLF. I also like OPWEF which Clive Maund and Bob Moriarty like as well. Lastly, one that is ready to explode is LODE. Moelis is helping them restructure and we are within weeks of that being final. U.S. based explorer with lots of minerals at the historical Comstock in Nevada.
Unfortuanately, all those 'rising boats' are being lifted by a tsunami that will leave them bashed to pieces on the jagged shore rocks.
If you say so.
...you might also take a glance at Impact...operating profitably and going forward with a drilling program to prove up extensive reserves on its property. I have owned it for several years and been through their mine and milling operation.No one if following it.
RED ALERT!!!! JPM ATTACKING GOLD...AND SILVER
prepare for buying opp in an hour or so....
LMBA is being raided of physical gold. Jim Willie of GoldenJackass.com has a recent interview with "On the Edge" with Max Keiser where he talks about some of the background battles that are heating up in the bullion world.
Here's the 3 part interview:
www.youtube.com/watch?v=IDuZmmz3dqg
www.youtube.com/watch?v=5OLyLifIkts
www.youtube.com/watch?v=MaWi5heq5mw
PS: Your alleged 'attack' never happened.
(obligatory)
http://www.youtube.com/watch?v=5akEgsZSfhg
NO POMO THUESDAY AND POMO THURSDAY??!!!!???!!
WTF!
WHY IS THE FED ONLY WORKING AT 60% OF CAPACITY!!???
Lazy ass motherfuckers....
I think its about time they invented a new day so they can sell more treasuries. The only question is, will we have to come in to work on Thuesday?
LOL.
You gotta recover your muscles though 72 hours works better.
Tuesday and thursday is gold and silver cardio days.
Remember when every deflationist blogger said the Fed would never monetize bonds? Of course they also said the Fed would never pollute its balance sheet with worthless collateral. 0-2.
crossed fingers... so the promise wasn't binding.
If they would have done the pinky swear it would have been totally different.
Every time I see your avatar I feel like running around the room screaming and yelling. Are you being chased by the FEDerachis?
Nop, I'm only being chased by my boss who is paying me while I surf on the internet for about 75% of my time :)
But I'm very efficient with the rest of the 25% of my time :)
Iv'e heard that said before...In the unemployment line. Shame on you, stealing your noble company's time like that. The eventual impact you will have on the innocent firm employing you is unimaginable...
...so you work at the SEC?
would you expect anything less when the king is coming to town.
his worshippers are in a frenzy while the kingdom burns
I always start my POMO days with this ditty in honor of Mr. Sack, Bernanke, et al:
http://www.youtube.com/watch?v=dRI__NQv8Bk
Personally, I begin POMO days saying fuck you very much to the helicopter.
http://www.youtube.com/watch?v=Qg7jA-H-jMo&feature=related
Polite asian version of the above video.
http://www.youtube.com/watch?v=JztHcRv1OLg
"Look for stocks to open lower and surge higher in the tried and true fashion of completely expected Fed market manipulation".
I'm holding you to that Tyler (I even think it's already started)! Only joking, but I wouldn't be surprised at all, particularly as the FTSE has had a good bump up today with the BP news (does it warrant a 40-50 point move up? Erm, no)
DavidC
Evidently all that oil on the bottom of the Gulf has now been "brushed under the rug," so to speak...
No Bull
Add POMO action to the surge in AUD/JPY (the carry trade) and the strength in the credit markets and the "Sept. Surge Should Continue"
For graphic look at AUD/JPY and an example of credit market strength check out: http://tinyurl.com/2d2kezp
So how much longer can the Fed keep doing this? This is getting ridiculous. Helicopter Ben is a f*cking joke.
Forever, no shit.
They can do it forever, of course. The real question is this: how long will it work?
The answer is that it isn't working now. People are fleeing the markets like Jews fleeing Nazi Germany. No other port of call save one will take them, though. The smart guys already got there and opened up a deli.
As Bernanke hits full retard peg on the tardometer, more and more countries (Malaysia) is rejecting the dollar for trade. Just a stupid game with no legs.
You know, it just warms my heart that my kid is going to spend her entire life working off these debts being incurred now to ensure that the hedge managers and the bankers preserve their multi-generational wealth.
i mean, come on guys, we should acknowledge that we now have a society run on the basis that there is royalty (bankers and hedgies) and peasantry.
And we should each play our roles to the very best of our abilities. Which means we should probably just end this entire charade of a market and hand all our money and gold over to the bankers.
What do we think? 35
Here in the West we used to have a quick and surefire method of dealing with crooks -- a rope and the nearest tree! Time to resurrect that method of justice for crooks on Wall Street and at the Fed. Market manipulators are crooks just as much as cattle theives!
But what about the Constitution?
http://www.youtube.com/watch?v=Jc6xUj7ujYg
Thanks, Rusty. Interesting vid!
How come the market is not front running this? I imagine one day everybody is long stocks and tsy ahead of the pomo in such a size that the FED cannot move the market and than they will all bail at the same time and we have another flash-crash?
Where the heck has JB been? His insights on gold are so profound that I feel lost without his input.
He's having trouble with Grandma's taxes. He needs more classes.
THE CRANK
http://williambanzai7.blogspot.com/2010/09/crank.html
As long as there is no audit...forever, literally.
I think Friday's negative bar has given the ball back to the sellers.
How was that massive shove upward for you?
What...a...fucking...joke.
hand me a cigarette....
you know, if you aren't in the magic circle of the HFT stocks, you're dead in the water. i got stocks that literally don't move. no volume, and no one is allowed to sell apparently.
My Epic Short
Let’s say that you do not believe todays stock market is a smoothly functioning system free exchange whereby valuations are determined organically by all buyers and sellers in the market based on reasonable expectations of future earnings, debt to equity ratios, market share, etc. Instead, lets assume that you believe the current iteration of the stock market is being heavily manipulated to the upside as a tool of Keynsian policy prescription. How might we take advantage of this?
Assume you are a certain Keynsian statist central banker. You have been printing and pumping to little avail, but you believe to your core that your course is right and simply needs more time to work. Now, however, you are looking at the very real possibility that come November, the electorate may leave you with a considerably less pliable group of dupes in the House- and they will have subpoena powers to look into some of those “tools” you like to use. What do you do? Using game theory, here is what I would do if I were him…
When Republicans win in November some money may actually flow into stocks organically, as people see divided government as a check on the Dems. Give it a few days, then engineer a short, hard drop to roil things a bit. At the same time, use your statist allies in the media to start hammering the theme “The Republicans don’t have any answers- what do they propose to do” and hit this theme good and hard until it takes root in the general consciousness. Then, let ‘er rip. Big crash, multiple days, a true “crisis” that needs to be solved because it threatens Ma and Pa’s retirement. When people are scared silly, convene the lame-duck congress (with plenty of pay for play for the outgoing members) and pass the “Retirement Protection Act” whereby you take over every 401K in the country, and possibly some other things as well. It’s a crisis, for Gods sake. Something must be done. End result- another huge swath of formerly private wealth now in the “public” i.e.- government- hands, and a whole bunch more assets to “back” the printing press and keep the game alive.
SPXU here I come. All in, Nov. 6.
The magic futures rose Sunday night, no suprise there folks. Look for a 100 point rise in the Dow today. Remember there is a 100 point swing in the Dow Mini Futures every 24 hours without fail. Step right up and get your free money $$$$$$$
When I was little I would ask for my allowance in dimes...I really liked dimes. All dimes.
Maybe that would slow these assholes down. All Fed transactions have to be in dimes.
They have enriched the minority by pumping stocks and impoverished the majority by pumping Oil, the markets on a daily basis highlights the madness of their strategy
There's only a couple of weeks left; we're in hyperinflation, there's nothing under the dollar, in related news, the Eurozone has no credit, Gold and Silver shorts have been increasing, no avail... the dollar's been sunk, people. Two weeks financial, one month retail, start scaling into those beans.
Whoops....the long time bare nakey shorts in MNEAF are having a nice little new one torn for them this morning...
these little gold/silver stocks have quite a nerve, don't they? i mean, i thought we all understood that the powers that be were allowed to short them right into the ground despite their actual values?
what's going on?
Look at all commodity futures - they're taking off. Now, I'm seriously worried.
Yeah markets are being pumped, too bad I'm short... lets see how long this lasts... maybe us bears are screwed ...
I'm tired of this market action. No wonder the average retail trader is out. Guess I'll hang in there a bit longer to see if they shred my October premium, but it isn't easy with the POMO juice-job.
'Effin Ben.
Well... looks like septic surges till November. Who's going to pull the plug out of the elephant's butt when its full?
Yep, it's officially a partisan propaganda tool.
ONNN....can't even stay up with the massive pumping going on....
anyone got any others? this market is a complete joke.
hope everyone got their little taste of MNEAF, looks like silver is going to bolt for the blue now that the JPM attack is over ......and has failed today.
let's start the chant...SILVER< SILVER....SILVER!!!!!!!
tear JPM a new one....
DOW weekly chart shows key resistance around 10,700
http://stockmarket618.wordpress.com
Silver has a nice little spike going. Looks like they gave up already. I just don't get it why anyone would buy that paper crap anyway. Good luck getting your silver if you do.
Up, up and away comes to mind when the mrkts rise this much on such low volume. Correlation being no volume = market record highs.
Time for me to go all in PM's.
POMO pumping right on time!