Algos Ramp Risk At 10:15 Daily POMO Time... Even Though There Is No POMO

Tyler Durden's picture


The machines have learned well that 1015ET is buying time... Why, you ask? Well, it's POMO time - when the Fed hands out its fully fungible, rehypothecatable, infinitely leveragable free-money and risk assets pop... apart from today, there is no POMO... USDJPY 102 was all that mattered - no excuses. At least the currency manipulation crack down has fully rooted out all the front-running, options-strike-searching behavior...



and then a few minutes later... doh...

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Thu, 02/13/2014 - 11:30 | 4432219 tniutnia
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You can't make this up...

Thu, 02/13/2014 - 11:35 | 4432258 Oh regional Indian
Oh regional Indian's picture

They already did, it's called Skynet.

Remember the story of when the AT&T network fell asleep in the 70's?

Or 80's?

That was then...


Thu, 02/13/2014 - 12:19 | 4432429 Doña K
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Thu, 02/13/2014 - 12:28 | 4432490 Oracle of Kypseli
Oracle of Kypseli's picture

I believe it.

We all know that the granny from toyty tod Street and toyd Ave in Brooklyn is boxed in. The only way out is to lie.

They hinted taper and the market tanked, now they supposedly started taper and they did not as to give the impression that all is well. 


Thu, 02/13/2014 - 11:36 | 4432262 Four chan
Four chan's picture

the machines are just providing liquidity.

Thu, 02/13/2014 - 11:36 | 4432263 BandGap
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Gold going through that Magical $1300 line today?

Thu, 02/13/2014 - 12:13 | 4432389 The_Ungrateful_Yid
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Remember when 1270.00 was the magical number? I think Gold will test 1320 by this coming week.

Thu, 02/13/2014 - 12:16 | 4432407 superflex
superflex's picture

And the epic short squeeze is where, Sufify?

Thu, 02/13/2014 - 11:40 | 4432268 CcalSD
CcalSD's picture

Move along, no manipulation to see here folks!

Thu, 02/13/2014 - 12:04 | 4432364 Stoploss
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USD/JPY = S&P 500


***BOE***  " No evidence of currency manipulation.."



Thu, 02/13/2014 - 12:33 | 4432519 firstdivision
firstdivision's picture

yes, yes they have.  you think that is an actual supply/demand price?

Thu, 02/13/2014 - 11:30 | 4432221 replaceme
replaceme's picture

That will be discussed in the algo staff meeting this afternoon!

Thu, 02/13/2014 - 11:35 | 4432243 Sudden Debt
Sudden Debt's picture

can't come. Snow and the cat doesn't feel so good...

Thu, 02/13/2014 - 11:37 | 4432266 wallstreetapost...
wallstreetaposteriori's picture

If the machines say buy...then buy.  I just cant take it anymore.  I honestly feel that I might be the only rational person living in reality anymore.  I guess if you ignore everyhting bad for ever it doesn't matter.  

Thu, 02/13/2014 - 11:28 | 4432223 LawsofPhysics
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Will the algobot frontrunning be enough?  Tick tock,

still waiting for insight regarding the massive reverse repos.

Will another primary dealer be sacrificed on the alter of fiat money?

Thu, 02/13/2014 - 11:31 | 4432227 Kaiser Sousa
Kaiser Sousa's picture

this phony manipulative bullshit is pissing me the fuck off... how the fuck is the Fraud Markets rallying????


(Reuters) - President Barack Obama on Wednesday named economist Nathan Sheets, who has worked at Citigroup and the Federal Reserve, as the Treasury Department's top international official, the White House said.


The Treasury post of under secretary for international affairs was previously held by Lael Brainard, who stepped down last year and was nominated by Obama to serve on the Fed's board of governors.

Sheets has been the global head of international economics at Citi in New York since 2011. Before joining Citi, one of the world's largest banking conglomerates, Sheets spent much of his career as an economist at the Fed.


Thu, 02/13/2014 - 11:31 | 4432239 Sudden Debt
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I don't know what they're doing but my stock ticker is acting all weird today...

maybe I should clear my cache...


Thu, 02/13/2014 - 11:36 | 4432247 The Wisp
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Well if the Derivatives are Bigger than the market, and the Derivatives are Opposite the market, it makes perfect sense..

  now if they would only let you see the Derivatives  maybe you could make some Money,  Just Saying

Thu, 02/13/2014 - 11:54 | 4432334 The_Ungrateful_Yid
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The bankers are offing themselves. The truth will come out soon enough.

Thu, 02/13/2014 - 11:29 | 4432229 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Fooled LOL

Thu, 02/13/2014 - 11:32 | 4432231 Cannon Fodder
Cannon Fodder's picture

Sorry everyone, I still haven't figured out the acronym of POMO and MOMO...

Could someone please enlighten me?

Thu, 02/13/2014 - 11:33 | 4432237 Dr. Engali
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Permanant Open Market Operations.

Thu, 02/13/2014 - 11:32 | 4432241 fonzannoon
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The monkeys have been trained. 

Thu, 02/13/2014 - 11:35 | 4432245 Dr. Engali
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Edit:  MOMO  is a nickname for a momentum trader. Would help if I could fucking spell.

Thu, 02/13/2014 - 11:38 | 4432260 fijisailor
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Next time just use the edit button

Thu, 02/13/2014 - 11:38 | 4432270 fonzannoon
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He can't because I locked him in when I replied. I'm sick like that. The minute I see a spelling error I reply as fast as I can and lock it in so that person has to live with that error for as long as they live. It's wrong and I know it. But I can't stop. I won't stop.

Thu, 02/13/2014 - 11:50 | 4432312 NotApplicable
NotApplicable's picture

Thanks for putting that stupid song in my head.

Sick bastard, indeed!

Thu, 02/13/2014 - 11:45 | 4432272 Dr. Engali
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I was in the process, but Fonz replied to my comment before I could save....Access denied


The sick bastard.

Thu, 02/13/2014 - 11:34 | 4432248 BandGap
BandGap's picture

I thought it stood for POor MOtherfuckers.

Thu, 02/13/2014 - 12:39 | 4432551 ThirdWorldDude
ThirdWorldDude's picture

Machine (or Monkey) Open Manipulation Operations...

Thu, 02/13/2014 - 11:30 | 4432232 Johnny Cocknballs
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I'm a get those algos pregnant.

They don't know there's some sort fo sharknado across the Deep South, do they?

Thu, 02/13/2014 - 11:32 | 4432234 starman
starman's picture

Desperate times desperate measures.

Thu, 02/13/2014 - 11:34 | 4432250 fijisailor
fijisailor's picture

Additional proof that TPTB are a bunch of silly children.

Thu, 02/13/2014 - 11:35 | 4432259 Spastica Rex
Spastica Rex's picture

Pavlov explained this long ago.

Thu, 02/13/2014 - 11:49 | 4432307 Dr. Engali
Dr. Engali's picture

Damn machines have gone to the dogs!

Thu, 02/13/2014 - 11:54 | 4432331 Spastica Rex
Thu, 02/13/2014 - 11:44 | 4432289 Gohn Galt
Gohn Galt's picture

I was wondering about this.  It seamed like when Yellen spoke and said that there was no way to pump up the market discretely, that maybe she was hinting or asking for some invisible POMO like help.  

Thu, 02/13/2014 - 11:47 | 4432303 Kaiser Sousa
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"Popular anger in Greece, torn by political and financial turmoil, is reaching alarming levels. A radical anti-capitalist movement has published a manifesto, blaming Germany for the dire state of the Greek economy, and threatening to launch attacks on the country's companies and politicians. The Popular Fighters' Group has admitted to firing shots at the German ambassador's residence in December last year."

Thu, 02/13/2014 - 11:52 | 4432325 NotApplicable
NotApplicable's picture

Wait, there's still ambassadors hanging out in Greece? I bet they're enjoying themselves.

Thu, 02/13/2014 - 11:56 | 4432321 Rockatanski
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looks like it worked on the euro markets as well. same spike we saw here. wierd....

Thu, 02/13/2014 - 12:16 | 4432400 SheepDog-One
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Fuckin over the Muppets big time....but at least U.S. markets haven't gone 'Full-Europe' yet and suggested just stealing everyones money outright.

Thu, 02/13/2014 - 12:20 | 4432423 Common_Cents22
Common_Cents22's picture

you mean pavlovs dogs don't drool anyway at feeding time?

Thu, 02/13/2014 - 13:00 | 4432651 waterwitch
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Pavlovian algos.

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