Spot The Start (And End) Of POMO

Tyler Durden's picture


Still unsure of whether tin-foil-hat-wearing blogs suggesting central bankers are directly buy stocks is just another wonkish conspiracy theory (if yesterday's report was not enough proof), we offer today's "market" with some helpful hints at who (or what) was responsible for stocks 10 point surge...


Spot the end of the Fed's Permanent Open Market Operations...

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Mon, 06/16/2014 - 11:20 | 4861294 alien-IQ
alien-IQ's picture

has cnbc mentioned the FT article? (I don't watch cnbc so I don't know...)

Mon, 06/16/2014 - 11:37 | 4861352 Hippocratic Oaf
Hippocratic Oaf's picture

Unfortunatly, I have to watch CNBS

They just blamed the dip on Iraq

On the other side, they want you to believe in fundamentals

Just keep buying

Just keep buying

Just keep buying

Just keep buying

Just keep buying

Mon, 06/16/2014 - 11:51 | 4861422 alien-IQ
alien-IQ's picture

If your job requires that you watch cnbc, I really hope they are paying you boatloads of cash.

in some places, that could be considered a form of torture.

Mon, 06/16/2014 - 12:29 | 4861563 BeetleBailey
BeetleBailey's picture

Jesus H. Christ YES...

fuckin mute it if you can for the data alone...

Your job MUST HAVE A TORTURE CLAUSE in the employment contract....fuck.

Even Mandy Drury's baps on mute still are....baps....the odd sliver of Santelli, but fuck.....

I mean....fuck

Mon, 06/16/2014 - 12:34 | 4861583 Hippocratic Oaf
Hippocratic Oaf's picture

SUCKS, I know


Mon, 06/16/2014 - 13:26 | 4861745 Say What Again
Say What Again's picture

As of 13:25 EST, ES is back up to 1931.

Its hard to fight the Global Central Bank Cabal.

Print / Buy / Drink

Rinse and repeat.

Mon, 06/16/2014 - 13:14 | 4861706 optimator
optimator's picture

I used to watch first thing in the morn to catch the futures, but just looking at Quick for a few seconds ruined my day.  Lies man & yelling evil twin I could take (with the sound off).

Mon, 06/16/2014 - 12:11 | 4861494 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I think I would pass out from shock if I saw CNBC actually do a piece on something as incisive as that FT article. 

Mon, 06/16/2014 - 11:20 | 4861296 orangegeek
orangegeek's picture


Mon, 06/16/2014 - 11:37 | 4861351 101 years and c...
101 years and counting's picture

POMO to be cut again on Weds.  Will it be only $10B, or will Janet shock the world and cut the amount of money the US prints by an astonishing $15B per month.  How can we survive if we only print $30B every month.  The Horror, The Horrow!!!

Mon, 06/16/2014 - 11:48 | 4861408 THX 1178
THX 1178's picture

they could contract the money supply and some "belgium" or some other "belgium" would pick up the slack. They will not allow interest rates to rise. period. 

But you know the fact that they are tapering while buying insidiously means they are desperate and the end is very very near.

Mon, 06/16/2014 - 11:50 | 4861416 LawsofPhysics
LawsofPhysics's picture

"Tapering" you say?  Your are correct to call "bullshit".  Show me the balance sheet motherfuckers, show me the "taper"...

Mon, 06/16/2014 - 11:22 | 4861302 canonball
canonball's picture

Belgium must be taking a nap 

Mon, 06/16/2014 - 11:21 | 4861303 canonball
canonball's picture

Belgium must be taking a nap 

Mon, 06/16/2014 - 11:23 | 4861308 order66
order66's picture

Just glad our markets are unrigged.

Mon, 06/16/2014 - 11:23 | 4861311 Unknown Poster
Unknown Poster's picture

Tomorrow is Tuesday, BTFD.

Mon, 06/16/2014 - 11:51 | 4861423 disabledvet
disabledvet's picture

Terrible Tuesdays now?

Mon, 06/16/2014 - 11:27 | 4861321 SheepDog-One
SheepDog-One's picture

Wait, you mean some people are still believing DOW 17,000 is just due to generic retail housewives buyin stawks? My goodness, we're far more screwed than I even imagined then.

Mon, 06/16/2014 - 12:12 | 4861502 GolfHatesMe
GolfHatesMe's picture

housewives and target date funds

Mon, 06/16/2014 - 11:28 | 4861323 I Write Code
I Write Code's picture

They post their working hours?

Mon, 06/16/2014 - 11:30 | 4861328 Dr. Engali
Dr. Engali's picture

It's Iraq's fault.

Mon, 06/16/2014 - 11:43 | 4861384 pods
pods's picture

Evidently Doc that Miss Teen America sort of got her wish.  Just turns out that the maps went to the bad guys in THE Iraq, and they are using them.


Mon, 06/16/2014 - 11:32 | 4861335 LawsofPhysics
LawsofPhysics's picture

PIMPCo has always been a Fed front-running operation.  Bill is the Fed's "planned oposition".

I have seen his digs in Corona Del Mar.  Trust me, he's doing just fine...

FYI, they are still printing 45+ billion per month....

Mon, 06/16/2014 - 11:52 | 4861429 disabledvet
disabledvet's picture

So much for stimulus.

What's Plan B again?

Mon, 06/16/2014 - 12:17 | 4861522 alien-IQ
alien-IQ's picture

I'm pretty sure plan B is to repeat plan A.

Mon, 06/16/2014 - 12:30 | 4861569 SheepDog-One
SheepDog-One's picture

$45 billion a month? I'd double that, then triple it!

Mon, 06/16/2014 - 11:34 | 4861339 JRobby
JRobby's picture

Bill is July's poster boy for euthanasia. You can't take it with you.

Mon, 06/16/2014 - 11:35 | 4861345 Duffy Duck
Duffy Duck's picture

Well, I mean, jeez, fellas, all we have to do is ask M. Yellen if we can take a look at the Feds books, and any physical holdings...  Who could doubt she'd agree, if for no other reason than to shut up the tin foil hate crowd?

Mon, 06/16/2014 - 11:37 | 4861354 timmeh
timmeh's picture

back to green in 10... 9... 8...

Mon, 06/16/2014 - 11:37 | 4861356 vote_libertaria...
vote_libertarian_party's picture

wait for it...wait for it...


It is the weather IN Iraq.


Winner, winner, chicken dinner!

Mon, 06/16/2014 - 11:45 | 4861393 Yen Cross
Yen Cross's picture

   Look at these yields on the French BTF auction earlier. What a joke...Draghi going to negative rates just made banks pile even deeper into the European bond market.

        EUR         French 12-Month BTF Auction     0.025%           0.081%      
      EUR         French 3-Month BTF Auction     0.001%           0.081%      
      EUR         French 6-Month BTF Auction     0.003%           0.079%    

Mon, 06/16/2014 - 11:48 | 4861410 LawsofPhysics
LawsofPhysics's picture

Indeed, the banking fucks are front-running themselves...

Mon, 06/16/2014 - 11:56 | 4861441 disabledvet
disabledvet's picture

That's what a financial nuke looks like after detonation.

Now we'll see how hard they'll fight for their land.

"The Jihad is coming."

Mon, 06/16/2014 - 11:55 | 4861436 Amish Hacker
Amish Hacker's picture

Calling this fraud "permanent" just seems like wishful thinking by the ptb.

Mon, 06/16/2014 - 11:56 | 4861442 JR
JR's picture

“They’re buying their way in with counterfeit money.”

That’s John le Carré  in Tinker, Tailor who wasn’t talking about the Federal Reserve, but the phrase fits the market manipulation by the banking cartel like a glove.

Tyler’s revelation yesterday of how a Polish central banker not only can control the currency market but can control the politicians, demonstrates what’s going on. And if someone does something they don’t approve, the first thing you know he's out of office or there’s a new regulation covering the situation.

Yes, conspiracy theories have become truth.

This counterfeit produced out of thin air in whatever quantities needed not only wipes out the estates of the people but it purchases markets, and politicians and it purchases countries; and with this counterfeit money these tyrants will buy and own the entire world.


Mon, 06/16/2014 - 14:37 | 4861592 Colonel Klink
Colonel Klink's picture

Simple solution, execute fiat printing Central bankers.  Carrying it out is a bit more difficult since they're protected by the other parasite class, the corruptable politicians who are backed by the military and police (who just follow orders).

Mon, 06/16/2014 - 12:29 | 4861566 TabakLover
TabakLover's picture

Hey ZH.  WTHell!  You were 23 mins early on the daily bottom.

Mon, 06/16/2014 - 12:35 | 4861588 Market Rage
Market Rage's picture

I think there will be selling this afternoon.  Hoping to hold short into Wednesday's close.  After that they'll most likely crush volatility into opex.  Hate this f*cking market.

Mon, 06/16/2014 - 12:52 | 4861632 KnuckleDragger-X
KnuckleDragger-X's picture

Thank god the "smart" people are in charge... /s

Mon, 06/16/2014 - 13:05 | 4861679 Cthonic
Cthonic's picture

If you live with apes, it's hard to be clean.

Mon, 06/16/2014 - 13:19 | 4861723 jubber
jubber's picture

just look at that fucking ramp, what a pile of shit, Gold down and Oil flat but this $60 Trillion ponzi scheme marches on

Mon, 06/16/2014 - 13:53 | 4861867 teslaberry
teslaberry's picture

no one is fooled about pomo.

the conspiracy is how the fed is printing money off balance sheet to buy up the the dip in the market AFTER pomo closed.

Mon, 06/16/2014 - 14:09 | 4861947 tnfcfa
tnfcfa's picture

Simplified, Fed sells volatility to Citadel.  Forces Citadel to buy stocks to offset long vol position.  Market goes up with culpable deniability of buying stocks.  Repeat into perpetuity.

Mon, 06/16/2014 - 14:09 | 4861949 tnfcfa
tnfcfa's picture

Simplified, Fed sells volatility to Citadel.  Forces Citadel to buy stocks to offset long vol position.  Market goes up with culpable deniability of buying stocks.  Repeat into perpetuity.

Mon, 06/16/2014 - 17:12 | 4862764 edaguy
edaguy's picture

Dumb question.  How do you know when POMO actions start and stop? (yes, I can read the chart, but is this a guess or does the Fed follow a published schedule?)   Been trying to read up on POMO but most sites talk about the what, not the how.  Pointers to good sources would be appreciated.

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