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Today's Only Event That Matters

Tyler Durden's picture




 

Today, we get December's second (out of three) Double POMO amounting to just about $5 billion. Any questions?

And in case there are, here it is straight from the Treasury, explaining how the market performs on days in which there is over $5 billion in POMO:

 

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Mon, 12/09/2013 - 09:37 | 4228876 TJ Parker
TJ Parker's picture

Of course the market was actually down significantly on the last double POMO day.

Mon, 12/09/2013 - 09:40 | 4228879 spaceduck
spaceduck's picture

That's what I noticed too, double pomo day, market down.

Just smoke and mirrors, no holy grail here.

Mon, 12/09/2013 - 09:53 | 4228903 ZH Snob
ZH Snob's picture

nothing unusual here. carry on.

Mon, 12/09/2013 - 10:10 | 4228934 gold-is-not-dead
gold-is-not-dead's picture

so they printed the whole market cap of btc in a day... oh, yes, btc is in baloon, too high it is... [sarc]

Mon, 12/09/2013 - 10:33 | 4228977 Stoploss
Stoploss's picture

Which room for the coke and hookers??

Mon, 12/09/2013 - 11:49 | 4229167 kaiserhoff
kaiserhoff's picture

Are you suggesting it might be an up day, Tyler?

Gotta love it .  None of us can give investment advice worth a damn, but that window from the morning dip to about 3:55 is golden.  Just don't get caught actually owning anything overnight.  Is this a great country or what?  What???

Mon, 12/09/2013 - 09:52 | 4228895 dcohen
dcohen's picture

They do all things the opposite, because they can and because they are insiders. The can sell to the idiots on a double pomo because they know what BernYellen have in store ahead, slaughter the idiots, rinse, repeat.

Mon, 12/09/2013 - 09:40 | 4228877 RSloane
RSloane's picture

What's in your wallet?

Mon, 12/09/2013 - 09:47 | 4228885 TeamDepends
TeamDepends's picture

Some Wishcoins.

Mon, 12/09/2013 - 09:48 | 4228896 Sudden Debt
Sudden Debt's picture

wanne trade them for a sandwich?....

oh wait...

you only get a sandwich if you have bitcoins...

my mistake... they all look the same to me...

Mon, 12/09/2013 - 09:42 | 4228880 fonzannoon
fonzannoon's picture

fwiw the market usually seems to finish these double pomo days red lately. I don't think pomo matters any more. the monkeys have been trained well.

Mon, 12/09/2013 - 09:49 | 4228892 RSloane
RSloane's picture

Corporate welfare has been priced in. It is now an entitlement much as it is for anyone on long term welfare. At this point, its impact would only be felt if it were absent. 

..... and good morning Fonz.

Mon, 12/09/2013 - 10:06 | 4228923 toady
toady's picture

None of the pomo will trickle down anymore. Once those binary digits hit the 1%'s sweaty palms it's all over.

Mon, 12/09/2013 - 09:45 | 4228881 Kaiser Sousa
Kaiser Sousa's picture

 

"LONDON/ANKARA, Dec 5 (Reuters) - Turkey's gold imports have surged to their highest on record so far this year after a hefty drop in bullion prices, with further progress signposted if restrictions on trade with Iran are formally eased.

 

Turkey imported 270.7 tonnes of gold in the first 11 months of the year, data from Borsa Istanbul showed, more than double 2012's full-year imports of 120.8 tonnes.

The rise stemmed chiefly from this year's sharp drop in gold prices, which have fallen 26 percent since December 2012 after 12 straight years of gains.

"Turkey is a trailblazer when it comes to the role of gold within the financial system," Natixis analyst Nic Brown said. "The authorities have allowed banks to use gold as part of their reserves, which has initially resulted in gold being mobilised from within the country."

http://www.reuters.com/article/2013/12/05/gold-turkey-imports-idUSL5N0JK...

There r only 2 forms of real money... Physical Gold & Silver....

 

Mon, 12/09/2013 - 09:52 | 4228902 kridkrid
kridkrid's picture

If Russia attacked Turkey from the rear, would Greece help?

Mon, 12/09/2013 - 10:38 | 4228994 Luckhasit
Luckhasit's picture

No, because then the Greeks would clean house.

Mon, 12/09/2013 - 11:53 | 4229175 Fuh Querada
Fuh Querada's picture

The Greeks like to be reared themselves.

Mon, 12/09/2013 - 09:43 | 4228882 1835jackson
1835jackson's picture

Taking care of business since 1913.

Mon, 12/09/2013 - 09:47 | 4228889 toady
toady's picture

Double the POMO, double the fun.

Maybe Jamie can get a new castle.

Mon, 12/09/2013 - 09:52 | 4228900 Teddy Tenpole
Teddy Tenpole's picture

 

 

Double POMO:

http://youtu.be/OQSNhk5ICTI

 

Mon, 12/09/2013 - 09:57 | 4228909 Grande Tetons
Grande Tetons's picture

I think he sparked up a fat one before shooting that clip. 

Mon, 12/09/2013 - 10:03 | 4228922 Teddy Tenpole
Teddy Tenpole's picture

 

 

 

Likely tells us about what really happens inside Marriner Eccles.

Mon, 12/09/2013 - 09:56 | 4228907 dbTX
dbTX's picture

A billion hear, a billion there, before long you're talking about some real money.

Mon, 12/09/2013 - 10:08 | 4228928 orangegeek
orangegeek's picture

Yellen moves in and we get double POMO.

 

Fuck you Yellen.

Mon, 12/09/2013 - 10:23 | 4228950 Teddy Tenpole
Teddy Tenpole's picture

 

 

Yellen is into DP, very cool.

Mon, 12/09/2013 - 10:39 | 4228992 Hubbs
Hubbs's picture

Well, at least we can make it look like a taper. Kind of like the stores that mark the merchandise up double, then cut the price 50% and announce a "sale."

 

The FED can appear to "taper" if it first  doubles the $85 billion asset purchases under the table.

 

There is just no end to the crap these guys are pulling!

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