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Shorting Stocks On These POMO Days May Be Hazardous To Your Health
If anyone expected Bernanke to hint at a tapering in daily monetizations for the month of September, they will be disappointed. Moments ago the NY Fed reported that the Fed will inject a total of $45 billion in the market in September, $1 billion less than in August, but certainly not any other more notable amount which would indicate that the Fed would announce and immediately proceed to reduce its daily POMOs to match the reduction in QE (including $40BN in MBS monetizations). So, continuing our long series of POMO shorting warnings, now that even the Treasury openly admits "it's all POMO", here is the list of 18 trading days on which shorting stocks may be hazardous to one's health.
Source: Fed
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It's funny that I stumbled upon this after watching a movie called The Wolf of Wall Street, it's primarily about stocks, corruption and vast amounts of wealth. This has somewhat peaked my interest in stocks, maybe it's something I should get into, as opposed to what I'm currently doing, and have been doing for some time now.