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Get Ready For "No POMO Fridays" June

Tyler Durden's picture




 

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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Fri, 05/30/2014 - 15:12 | 4810502 unplugged
unplugged's picture

Friday POMO has moved to Belgium

Fri, 05/30/2014 - 15:25 | 4810544 wee-weed up
wee-weed up's picture

Nobody in the Gov't works on Friday's anymore.

Fri, 05/30/2014 - 15:27 | 4810549 unplugged
unplugged's picture

and Mon-Thurs they watch porn all day

Fri, 05/30/2014 - 15:28 | 4810553 max2205
max2205's picture

Friday is douching day...hands off

Fri, 05/30/2014 - 16:51 | 4810885 flacon
flacon's picture

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

 

 

Sat, 05/31/2014 - 02:56 | 4812113 Muppet
Muppet's picture

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? 

Sat, 05/31/2014 - 01:45 | 4812054 Kirk2NCC1701
Kirk2NCC1701's picture

POMO - Parasite Owned Market Operations

Plan accordingly.

-Kirk out

Fri, 05/30/2014 - 15:15 | 4810509 orangegeek
orangegeek's picture

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.

Sat, 05/31/2014 - 02:09 | 4812072 TheBoyPlunger
TheBoyPlunger's picture

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

Fri, 05/30/2014 - 15:15 | 4810515 buzzsaw99
buzzsaw99's picture

$25B? How quaint.

Fri, 05/30/2014 - 15:25 | 4810546 the not so migh...
the not so mighty maximiza's picture

25B offically, 100B through Belgium

Fri, 05/30/2014 - 15:27 | 4810551 asteroids
asteroids's picture

Does anybody really believe that they are only printing $25B/mo? Eh? Really?

Fri, 05/30/2014 - 15:29 | 4810554 Bill of Rights
Bill of Rights's picture

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.'

Fri, 05/30/2014 - 15:34 | 4810583 AMGdesignnl
AMGdesignnl's picture

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

Fri, 05/30/2014 - 15:53 | 4810662 Australian Economist
Australian Economist's picture

Permenant Obvious Manipulation Operations

 

 

Fri, 05/30/2014 - 16:02 | 4810695 Chaos Trend
Chaos Trend's picture

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.

Fri, 05/30/2014 - 16:42 | 4810865 AMGdesignnl
AMGdesignnl's picture

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

Fri, 05/30/2014 - 17:30 | 4810977 Cthonic
Cthonic's picture

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

 

Fri, 05/30/2014 - 15:55 | 4810669 disabledvet
disabledvet's picture

So pulling back on stimulus will...cause normalization?

Fri, 05/30/2014 - 15:56 | 4810674 nosoeawe
nosoeawe's picture

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.

 

 

Fri, 05/30/2014 - 16:18 | 4810760 Osmium
Osmium's picture

My guess is Friday's POMO money will be spent on hookers and blow instead. 

Fri, 05/30/2014 - 17:51 | 4810973 Cthonic
Cthonic's picture

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

Fri, 05/30/2014 - 18:26 | 4811158 Spungo
Spungo's picture

I ain't a homo. I just like to POMO.

Sat, 05/31/2014 - 02:52 | 4812112 hejss
hejss's picture

Wonder how long they can play this game without inflation really picking up.

Sat, 05/31/2014 - 11:54 | 4812566 Vin
Vin's picture

Assuming that the buying coming from Belgium is just the Fed hiding additional treasury purchases, are they really tapering?  Of course not.

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