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Today's Only Event That Matters
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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Of course the market was actually down significantly on the last double POMO day.
That's what I noticed too, double pomo day, market down.
Just smoke and mirrors, no holy grail here.
nothing unusual here. carry on.
so they printed the whole market cap of btc in a day... oh, yes, btc is in baloon, too high it is... [sarc]
Which room for the coke and hookers??
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???
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.
What's in your wallet?
Some Wishcoins.
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...
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.
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.
None of the pomo will trickle down anymore. Once those binary digits hit the 1%'s sweaty palms it's all over.
"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....
If Russia attacked Turkey from the rear, would Greece help?
No, because then the Greeks would clean house.
The Greeks like to be reared themselves.
Taking care of business since 1913.
Double the POMO, double the fun.
Maybe Jamie can get a new castle.
Double POMO:
http://youtu.be/OQSNhk5ICTI
I think he sparked up a fat one before shooting that clip.
Likely tells us about what really happens inside Marriner Eccles.
A billion hear, a billion there, before long you're talking about some real money.
Yellen moves in and we get double POMO.
Fuck you Yellen.
Yellen is into DP, very cool.
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!