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Shorting The Market On These March Days Will Be Hazardous To Your Health
The last time we looked at the "hazardous" days for shorting in January and February, we found something very simple - being a bear on POMO days, or those days in which Ben Bernanke makes it his life's mission to personally annihilate anyone who dares to face his money-spewing helicopter-printer with something as pathetic as a sense of reality and a frontal lobe, leads to certain immediate or eventual destruction, depending on one's margin level. So thanks to the most recent monthly update of POMO days covering the month of March, here is Ben Bernanke at his most helpful, providing the schedule in which he, the NY Fed, and the Primary Dealers will proceed to rip the heads off those who happen to be short in the face of what are the now daily GETCO stop hunts that send the S&P higher by 5-15 point in minutes on, well, absolutely no news, except for the usual deluge of between $1 and $5 billion in additional purchasing handed over by Chairman Ben to the banks because, you see, they need the money. And sooner or later it will trickle down on everyone else.
Below are the March POMO days: short the highlighted days at your own risk.
Looks like the Fed was kind enough to leave March 8 open. Every other day... oops.
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yeah, thats pretty much every day of the week ........
'Wealth' creation days.
Stock prices have reached what looks like a permanently high plateau (at least in nominal terms).
"Looks like the Fed was kind enough to leave March 8 open"
That's NFP day! Is the Fed trying to tell us something, like a very bad number is expected then?
"And sooner or later it will trickle down on everyone else".....
I thought the democrats/lefties hated Reaganomics? Of course, for every reason they hated W., Obama is 10 times worse than W. ever was for all those same reasons.
"I thought the democrats/lefties hated Reaganomics? Of course, for every reason they hated W., Obama is 10 times worse than W. ever was for all those same reasons."
The United States economy, 1970 - present.
Burns 1970 - 1978
Volcker 1979 - 1987
Greenspan 1987 - 2006
Bernanke 2006 - present
The rest is sideshow.
The only Shorts left are those found in your drawer.
they create the money from thin air, why wouldn't they be able to "Buy" the entire supply of anything?
"That's NFP day! Is the Fed trying to tell us something, like a very bad number is expected then?"
No, its because Ctrl-P is worn out and the IT guy is scheduled to replace it on that day.
K-Hen needed 1 day off
It is just perverse that the FED is doing outright purchases of Treasuries, perverse.
And $45 Billion a month?
PERVERSE.
its unamerican, as in the destruction of america and its monetary system is unamerican.
The real economy is flat on its back. Gold & silver have been driven into the ground (paper PMs, that is!) and the dollar is flat-to-falling. Bonds pay peanuts - and that payout is in paper. Canadian indices are falling this morning.
Would someone explain what - other than printed money given to banks - is happening? It's NUTLAND.
It's a big miss and ZH has become a Psycho Ward.
March is SockPuppet appreciation month.
It's HFT.
There is no market. S&P volume is 1998 levels with 12 million more people in the US than then. Maybe a billion more shares to be traded, but 1998 is what it is -- and 80% of that is HFT.
Get out. Stay out. It's all gone. It's never going back to what it was.
Learn how to farm for profit and buy farmland.
"Return-Free Risk" that's all the stawk market has become (unless you're lucky enough to be on the pre-crash call list!). Stick to the ABCDs of investing to survive these crazy times...Anything Bernanke Can't Destroy!
So my bank recently is trying to get me to pay $9.95 per month to get a "secure" checking account:
"Upgrade to Secure Checking Plus to get identity protection, a new debit card with increased purchase protection and more — all for just $9.95 a month."
Oh yeah, and if anyone else is on the account, it will cost another $4.95 per month.
So...I have to pay a monthly fee to get a "secure" bank account?
PONZI!
A lot of what's holding this Ponzi together right now is mutual trust between the big banks based on shaky assurances from the Fed and Gov. It won't last forever.
Credit union.
Haven't you seen Leonard Nimoy's newest show...In Search of...Yield
it does not look like they are buying mining stocks with pomo. just a heads up.
Curious why not...
Have they bad-mouthed gold so much they've painted themselves into a corner?
Dividends too low?
Do they believe their own nonsense? Gold stocks are at historic lows.
Bankrupt mines is actually bullish for physical metal. Peak gold anyone?
Of course they believe their own nonsense. Bubbles everywhere though. Bonds, Stocks, real estate, currencies. The fuse is just a hell of a lot longer than I thought.
bb i,m getting so hammered on exk,ag,pzg and the likes it,s ridiculous..
changed the pos gdx today for nem..
..and then i went berzerk and FUCKING CONTRARIAN
i trippled all my pms plays.and bought 400 shares of apple.
rest of the world cannot get their hands on the real stuff
i will hold until they go under. why the fuck not..
the only thing working in this market , is do the stupid play by the stupid guy.that is me today!
Hammered...THIS MORNING??
I've been beaten into the ground since at least Sept. 2011. You kind of write it off as (temporarily?) dead money and a long term put on the future failure of central planning.
Then you check the flyers to find out what's on sale today.
EXK didn't bother me at all today, but that is because I own more HL. Shit.
Every day but 2 or 3.
I guess that's why CRM is still a buy at 100x 'adjusted' next year's earnings and Amazon is up 3% ($4 billion) even as they borrow money and their revenue growth declines.
Nasdaq bubble redux, paper commodities under pressure, Central Banker nirvana, again!
What's up with that?
http://market-ticker.org/akcs-www?post=218304
Oh, Those Swaps?You know, the ones that we were told weren't a problem (until they suddenly were in 2008) and which the banks evaded having actually forced onto exchanges and centrally marked to the market on a nightly basis, with cash (or equivalent) collateral posted against positions?
Yeah, those?
The problem didn't go away, wasn't taken down, and there are persistent rumblings that if certain entities over in Europe start to press their hand (and maybe even if they don't) there are a lot of folks who are hiding ugly surprises.
If this blows we the people deserve it for refusing to demand change and Congress along with the Administration deserve to be ejected en-masse.
Watch for the mewling to begin shortly.
Dear Senator Feinstein,
Thank you for your help to pass the Affordable Care Act and your progress to improve healthcare and insurance regulations. However, we need to improve on the area of helping to keep the costs from raising too rapidly.
Please consider my humble suggestion of a progressive overweight/obesity fee or state-instituted "insurance premium" on obesity. I believe that it would help our population in the following ways:
The possibilities could be endless. The regulation of weight could be kept private and conducted as part of the DMV as different weight classes with more frequently updated driver licenses (or IDs) and then even enforced at the food distribution endpoints (markets, restaurants, etc.) much like how vendors must check IDs for the purchase of alcohol and tobacco.
Sincerely,
LOL
Actually quite plausible. When they get tired of ass reaming the smokers they will be coming to pound some cellulite.
And we all know that poor old Ned Beatty didn't make it up the hill.
WHAT ABOUT WHAT DEY DONE TO BOBBY! shall be our war cry.
pods
couldn't fat people just be viewed as financial terrorists?
They make the program less efficient by costing so much more, thereby reducing the competitiveness of American healthcare providers.
Send in the SWAT team.
Hope she personally got the message, did you remember to write "Check Enclosed" on the envelope?
It seems every day is a 'long' day POMO wise. They have switched from weekly SCUD missiles to near daily mortar rounds over the fence.
All that cheddar has got to go somewhere.
pods
Biggest buy on the ides of March. Ben isn't superstitious is he?
In the year of the snake...
Quadruple witching day. Clearly a coincidence.
Nope its, options ex day.
I wondered why T10s were up 2.5bps. silly me :-s
While the French finance minister is saying BS again.
http://ransquawk.com/headlines/french-finance-minister-moscovici-repeats...
French finance minister Moscovici repeats that France cannot meet 2013 deficit targetSays:
- Impressed by the determination of Greek government.
- Spanish situation has stabilized.
- Spain banking program is very satisfactory.
LOL sure.
And the problem with trying to get in on it and ride the wave is that when the party is over they will be the first and you will be the last to know.
We are living the largest pump and dump scam in history (aka organized theft), which there is no way for anyone but the big banks, dealers, and insiders to win.
Know the feeling, I wish I even knew a janitor at a few Bankster locations.
RUMORS OF ITALY DOWNGRADE TONIGHT BY S&P
Meh....
I downgrade in your General Direction !!!
I bailed out this a.m. Took my RUT haircut- thnking no fucking way can this market march higher on bad news. And it does. POMO is an unstoppable force. It is the herpes of 2013.
Got my ass roasted short ES this moring too. Glad I bought those AAPL 400 puts. Saved my ass big time.
Watch for the acceleration of purchases by the FED. Money velocity will have to be increased just to keep market afloat, creating acceleration of money printing watch for that acceleration rate as soon as it starts ramping up more than 10% it is all over and they know it. That is why there was talk of markets not functioning correctly in the last meeting of the FOMC.
Until next time,
Engineer
some of my shorts worked great today - though I'm not silly enough to short the idicies.
Feb 20 and Feb 25 were big down days, yet there was POMO activity on those days, FWIW.
We interrupt your regularly scheduled NCAA tournament play for breaking news about the real March Madness.
Too big to fail / too big to jail... Cheaters will Prosper until further notice. The biggest baddest criminals are in charge, just ask them, "that is why they are richer than you". That is also why the "duel mandate" is a false front for all of them. The worse things get the more they can steal with Congressional Blessings.
The only clarifying factor is that these algos must make money.
Pushing the markets higher on lower volume won't last forever.
SP500 hourly shows these drops - complete change in psychology leading up Feb 19. March should be interesting. And then there's earnings season right around the corner. That should be fun.
http://bullandbearmash.com/chart/sp500-hourly-bounces-time-high-closer/
its seems like the only stock that bernanke has no money invested in is aapl. that stock can never go up regardless of the market these days.
google on the other hand, despite being insanley overvalued, just does not go down. i hope that stock crashes.
Crap! Wish I would have seen this before I added to my WMT short position today. 'Good Grief'
I say the market slides right in the face of monetization, although the only shorts I have are shorts on the existing monetary system in the form of gold/silver.
how funny is it that on march 28th, which is the day after the govt can possibly shutdown if no agreement is reached ( not that i expect that to happen) bernanke does his biggest pump of year just in case.
Let me be the first "Fuck YOU bernanke".......
Boy that felt gooood.
I feel like I am watching an episode of the Twilight Zone. Where is Rod Serling when you need him to return control of the computer screens.
This is the way 'real' markets are supposed to work right?
Buy all in I. Hold for 4 to 5 years for 150% whats wrong with you fuckers?
Look at the90's
Everyday is a bad bay.
Buck you, Fernanke!
No doubt unhappy about getting free money simply by passing t-bills from the Treasury to the Fed, a job a bike messenger could do for 1 millionth of the cost, some of these primary idiots will have kept them back to use as collateral to leverage themselves to the hilt and beyond to "gamble" on the exchanges using whatever it is they use these days. Magic eight balls, Bots (HFTs) or some soothsaying app a grad student dreamed up for his PhD thesis on optimal options porfolios. We've seen them all.
Great while the index goes to the moon, but one has to wonder just what the banks' leveraged asset-to-borrowing ratio will be this time, and whether the same expert cretins will come out of the woodwork to tell us all that another global financial market crisis with its accompanying insolvent banks was "Completely unforseeable" and "unprecedented". As someone else mentioned in the thread, the rate of purchases has to increase to keep the market afloat, and any stalls will likely start a chain reaction to the bottom. To paraphrase Rick in Casablanca, Maybe not today, maybe not tomorrow but soon for the rest of your life.
so friday 8th and wednesday 20th are ok?...(invents new algo called "2 and 20"
Have no fear, As Druckenmiller said, there are 210 Trillions on unfunded liabiltiies. Short the Treasuries and forget about it, wake up in 7 years, just throw a few Silver Coins to repay the million dollar short of treasuries... Enjoy the sound of Silver as it falls on the ground. Silver coins have a beautiful sound, very unique.
Just like buying oil in 1998. No brainer.
DXY daily chart retracement & DOW [bullish] daily megaphone wedge confirmed thus more equity upside while DXY retraces from current overextended level.
Bullish warning for DXY monthly long term chart continues and this will not change.
trader618