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Goodbye POMO: Normalcy Returns On October 28
Here it is.. the Fed's buying guide for October. The Federal Reserve Bank of New York has released its $10 billion open market purchase plans... and the buy-into-the-weekend trade may get dented as there are no POMOs on a Friday in October. After October 28th, equity bulls are on their own with their 'fundamentals' as its game over for QE.
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Red Pill or Blue Pill
So....what day are we shorting the S&P?
I did today!
Small doors large crowds.... This is going to be EPIC
Ramp.....
Belgium on line one
Also there is still the ESF and PPT and Kevin Henry's new HFT toys in Chacago.
And when Belgium starts to look ridiculous (If not already) we have Luxembourg on line 2, Andorra on line 3, Cayman Islands on line 4........................
October is usually the month when SHTF.
Game over for QE ?
Are you joking ?
What about our mysterious buyer in Belgium ?
There will be no more "in your face" QE, but the covert QE will contine UNABATED.
I dare anyone to try and purchase bonds from the Treasury and tell them you wish to remain anonymous when are asked for your documentation.
My thoughts line up the same as well. Currency swaps anyone? The game is far from over in allowing free and open markets to determine where interest rates will go on US Treasuries.
bankers r sociopaths...
as sociopaths their most pronounced trait is lying pathologically...
watch what they do...and listen not to what they say...
their will be no end to the counterfeiting of the debt coupon dollar until its intrinsic value has been reached - ZERO.
period.
Food and beverage warning please. That's awesome!!
What happens if you take both?
QE... 4... Every is next! Its like a very bad movie that has four or more sequels. Just when you think its finally over, Blam another sequel is released!
QE can never go away because the US gov't is insolvent. The Fed must print to prevent a hard US default. At best it can pause QE.
For now...
"Normalcy returns" hahahaha ... haha ... stop, please, you're too much. Normalcy will never return.
This is like watching a movie ive seen before and know the ending to.
Though all signs are telling BTFD'ers it's over, they're in denial. Not for the myriad of reasons they posit, but for the much simpler,more obvious reason that they, like the QE junkies on Wall Street, don't want the gravy train to end.
So tthey tell themselves and us silly lies about how "it has to go on forever," and "the FED has no choice," etc, etc.
In reality, the FED couldn't care less about the economy, investors, or the USA. It will serve the banks only, and should the banks' interests and investor's interests align, QE will continue. For 5 years this was true, is it still?
They've crashed the economy many times before and in the process became far richer by buying up all the hard assets at fire sale prices. Wouldn't now be an excellent opportunity to do this again, better than ever? And in the process crash the system, kill the dollar, and usher in the NWO?
"But this time its different, the FED itself is sustaining the market."
Yes, it's different this time isn't it BTFD'ers?
Same movie, new cast of characters.
Do you have the "invisible" QE schedule?
Exactly. Don't tell me we're going cold turkey here. I simply don't buy it.
Good riddence!
It's better to be 3 years early. Then one day late.
We hardly knew ye, POMO.
Why does this matter? With cbs printing everywhere and money being fungible, won't it just find its way into the eminis anyway?
That's just because Belgium doesn't publish a schedule.
I don't trust the Fed or Obama.
I don't believe they will go away at all.
Halloween
<pencils in Tusday, October 28th>
Got it.
At least they're somewhat consistent with their crash dates.
So the FED is done completely with POMO as of October 28th? None in November?
Hell's bells...does this mean they'll be buying MOMO? Chipotle/Tesla/Amazon/Netflix?
Just pick a number for the DOW/S&P that would act as a 'Threshold-of-pain'. I would suggest they have something like that in mind - or a duration of sustained market 'sliding' before an emergency meeting is held and an announcement is made. It is now politically untenable for this market to 'crash'. There are simply too many careers and a level of social 'stability' that are at stake. As long as the ability is there and we don't do something stupid like provoking an aggravated incident in the South China Sea that forces China to make a world-wide announcemet of their gold holdings, then the moneymasters will see to everything.
No POMO, no MOMO
And the response to end of POMO:
http://www.zerohedge.com/news/2014-09-30/russia-activates-air-defense-mi...
LMFAO.
Time to PULL out on the 27th.
Guess I should have bought nov puts instead of Oct
or DEC VIX when it was trading at 10...
probably the easiest money since S&P 667.
... and you get to sleep soundly every night until mid december.
Don't worry these clowns will keep the overpriced fucking garbage pumped up somehow. If it crashed means total loss of control. Just cause they say end of pomo dont mean bilions of digital zeros cant flow in from somewhere else. You just cant take your eyes off these mornons of course you cant see anything when you're watching them anyway. Yep, sounds like a great investment lol.
How many months of falling inflation expectations, falling oil, a weakening stock market and a rising dollar before the Fed can't take it anymore and comes back with QE4 of some other "deflation, making sure it doesn't happen here" program?
With Europe and Japan printing and gaining advantage in the currency war, it is only a matter of months before Yellen, Evans and Dudley cave.
TIMBER! na just kidding, I'm sure there will be QE4 just around the corner to complete the demise of the US dollar.
I don't see any liquidity drain from this chart. Its called "obfusication" and the FED is very good at it.
http://research.stlouisfed.org/fred2/series/BASE/
So the Fed has chosen the 85th anniversary of the October 28, 1929 "Black Monday" crash to end buying.
Hmmm....
This was interesting to me, wonder if this is the #7 Christine Leguarde(sp) was refering to.
In the latter half, historian and expert in ancient mysteries, Jonathan Cahn <http://www.theharbinger-jonathancahn.com/>, discussed how the ancient biblical cycle of Shemitah has coincided with various collapses, significant events, and economic crashes over the last 100 years. The cycle of Shemitah was originally described as a sabbath or rest for the land, and occurs for a one year period every seven years. The recent economic crashes in 2001 and 2008 fell during Shemitah years, as well as the events of 9-11, he outlined. Going further back, the significant dates of 1917 and 1945 related to WWI & II fell during Shemitah years, as well as economic crashes in 1973, 1980 and 1987.
The next Shemitah cycle starts on September 25, 2014 and will run through September 13, 2015. The big changes tend to manifest toward the end of the cycle, he noted, so we may see dramatic events in September 2015. The Shemitah pattern, he suggested, "is something that operates in the supernatural and the natural...and given the right circumstances, it can become a sign of warning and judgment...If you talked to the Rabbis, they'll say the Shemitah was showing that really God is in charge of everything," and that people should turn away from worldly things and turn back to God.
..............................
Like the seventh day of the week, every seventh year is holy. The Shemittah (Sabbatical) year is a year devoted to strengthening our bond with G?d-specifically, honing our faith in His omnipotence and our trust in His kindness.
This year, 5775 since creation (Sept. 25, 2014-Sept. 13, 2015), is a Shemittah year. The articles and classes in the following sections will discuss this year’s special observances as well as its spiritual message.
Wishing you an inspiring, uplifting, and meaningful Shemittah year!
http://www.chabad.org/
there's a statement at the bottom of the NY FED statement - yellen can change its mind after October 28
and then there's RRP (reverse REPO)
leveraged to infinity and beyond
Tyler,
The NY Fed is replacing maturing securities with new ones and has been purchasing $20B + of MBS on average every month. So after October, POMO will be ~ $20B per month until the start of QE4.
http://www.ny.frb.org/markets/ambs/ambs_schedule.html
Tyler,
The NY Fed is replacing maturing securities with new ones and has been purchasing $20B + of MBS on average every month. So after October, POMO will be ~ $20B per month until the start of QE4.
http://www.ny.frb.org/markets/ambs/ambs_schedule.html
haven't we been reading a NUMBER of articles about shadow quantitative easing going on already? to the tune of hudnreds of billions a month.
the fed will print money off of its own books to keep the charade going until it is ready to pull the plug.
the plug is going to be a serious one. and they are not going to pull it until they are damn ready. which could mean, they will shadow print money for decades until full scale hyperinflation sets in. yes 20-30 years until we have a total fucking disaster of epic proportions which will necessarily lead to a full scale breakdown in democracy.
we're not there yet. you know why? the police still get paid and have gasloine in their tanks.