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Get Ready For "No POMO Fridays" June
Tuesday looks to be a busy day in June ($7.45bn or 30% of POMO buying on that day) as the Fed announces the schedule for its Permanent Open Market Operations (POMO) buying. The tapered $25 billion buying schedule does offer some 'investing' insights as The Fed refuses to buy on a Friday... (that should make for long weekends and even greater weekly cyclicality in stocks)...
Not one Friday for the Fed money printing...
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Friday POMO has moved to Belgium
Nobody in the Gov't works on Friday's anymore.
and Mon-Thurs they watch porn all day
Friday is douching day...hands off
Sell calls and buy puts on Tuesday 3:50pm.... sell puts and buy calls on Monday 3:50pm.... INSTANT WINNER! NO MONEY DOWN! GUARANTEED! JUST CALL YOUR LOCAL BROKER! IT'S THE AMERICAN WAY! CALL NOW! OXY CLEAN! 1-800-GO-FUCK! I'M BILLY MAYS HERE.... FOR YOUR PLEASURE.
https://www.youtube.com/watch?v=2PU8ZxQj7eE
Regarding purchases, Janet asked the Bernank his opinion and all he replied was "Cee you next Tuesday" and then he walked out.
She mistook this to believe Tuesday was the day for buying. I wonder what he was really trying to express?
POMO - Parasite Owned Market Operations
Plan accordingly.
-Kirk out
NY Fed May schedule was for $25B. June schedule is $25B. NO POMO TAPER - in other words, the printer runs as fast in June as it did in May.
So stocks go higher as economy shrinks more in Q2 on ALL TIME MARKET HIGHS.
2014 GDP forecasts are just fabrications for the herd to give them something to believe.
Stunning move. Breaking new ground in insanity. PS - Central banks combined is $45B for June to make the markets go higher.
Hmm yes I noticed that as well, 25 billlion in treasuries for May and 25 billion for June. MBS purchases were 20 billion for May, but are not specified for June yet in the FOMC statements.
Untaper'd !
http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
$25B? How quaint.
25B offically, 100B through Belgium
Does anybody really believe that they are only printing $25B/mo? Eh? Really?
Russia, Belarus, Kazakhstan sign ‘epoch' Eurasian Economic Union
http://rt.com/business/162200-russia-bealrus-kazakhstan-union/
Russia, Belarus, and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. Cutting down trade barriers and comprising over 170 million people it will be the largest common market in the ex-Soviet sphere.. The troika of countries will cooperate in energy, industry, agriculture, and transport... Citizens of Russia, Belarus, and Kazakhstan will have the right to work freely throughout the member states without having to be issued any special work permits, Putin said.'
Off Topic ... to Tyler
Nice to see an article where POMO (Permanent Open Market Operations) is explained in the first sentence.
This is what good text writers do.
Perhaps better to explain al abbreviations only once in the beginning of each article.
We do not al speak English <);o)
Tnxs
Permenant Obvious Manipulation Operations
I would add to AMGdesignnl's suggestion:
It would be nice if there was a glossary of all the insider terms and acronyms used regularly at ZH. Sure, there's a "glossary" link up top, but it's not a glossary, since there are no explanations for any of the items listed.
Even us English speakers don't instinctively know what BTFATWJTUDHTGCSXXERD means.
Tnxs ... it's very difficult to read sometimes.
I'm Dutch ... but those insider terms are abracadabra for me.
Also i am designer and not an economist.
Cheers Chaos
http://www.zerohedge.com/taxonomy_vtn/voc/3
below you will find link to 'temporary operations' which include 'reverse repo' activity (something that may be more important to watch going forward)...
http://www.newyorkfed.org/markets/omo/dmm/historical/tomo/search.cfm
http://www.newyorkfed.org/markets/rrp_faq.html
So pulling back on stimulus will...cause normalization?
smoke and mirrors
ol yellen and the big eared donkey in chief traded life, liberty, happiness and 350 billion worth of IOUs to the belgiums for a bunch of chocoloate covered dildos and 1300 points on the S&P.
just because the vile, vomit skinned, albino, bowl cut munchkin isn't buying on fridays, doesn't mean the the cowardly belgiums arent
the big eared, slime covered shuck and jivester in chief has an appointment with the golf course every friday until 2016 and can't make it to the munchkins "buy the market" pajamie party anymore on fridays. and that makes the little boy wonder sad.
My guess is Friday's POMO money will be spent on hookers and blow instead.
Everybody's printing before for the weekend
Everybody wants a new Rochat offset press
Everybody's going off to Nantucket
Everybody needs a second chance, oh
I ain't a homo. I just like to POMO.
Wonder how long they can play this game without inflation really picking up.
Assuming that the buying coming from Belgium is just the Fed hiding additional treasury purchases, are they really tapering? Of course not.