With Just 2 Hours Left Until "The Announcement", Here Is A Complete Summary Of What Everyone On Wall Street Expects

Tyler Durden's picture

With just over 2 hours left until 2:15 pm, the time to place your bets (and if one trades with other people's money, bet big: after all we are sure to see a surge in "Rogue Traders" into this Fed announcement as many blow up once the embargo is lifted), is rapidly approaching. To help our readers out, here is a complete summary of what all the key Wall Street analysts believe will happen today. Handicap as you will.

Courtesy of Bloomberg:

  • Bank of Countrywide Lynch: Purchases likely concentrated in 7- to 10-yr sector
  • Barclays: Fed likely to sell $440b of securities maturing in 1-4 yrs, buy $660b in the 5.5- to 30-yr sectors; Recommendations to short 3-yr on the curve and underweight OTR 10-yr were closed in Sept. 15 note
  • Credit Suisse: Expects $360b operation; sees 86% of purchases in the 4- to 10-yr sector
  • Deutsche Bank: Buying likely to be concentrated in 7- to 10-yr sector; Fed has limited ability to buy longer-maturity paper
  • FTN: Baseline expectation is $300b of sales of debt maturing in 0.5 to 2.5 years, reinvestment concentrated in 8- to 30-yr debt
  • Goldman Sachs: Fed will concentrate purchases in 7- to 10-yr sector
  • Morgan Stanley: Fed likely to sell all 0- to 2-yr debt, buy the 8- to 10-yr and 30-yr sectors
  • Nomura: Balance sheet expansion preferable to “disruptive” front-end sales
  • RBC: Fed to buy ~$225b, mainly in the 7- to 10-yr sector, sell in the 1.5- to 3-yr sector
  • RBS: Revised view calls for Fed to buy $135b or $200b in the 27-yr and longer sector
  • UBS: Fed can focus on reinvesting cash flows, buy 10- to 20-yr sector

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wang's picture
wang (not verified) Sep 21, 2011 11:12 AM

New Perry ad for what it is worth e.g. 0 (zero)


CPL's picture

Fuck all the animals offered at the US best in political show.  Like picking a horse at a glue factory and expecting that the horse will run.


Seriously stuffed animals would promote more effective change at this point.

JSD's picture

Pick the horse that's acting the craziest; it may not run, but you'll have a nice stash of Krazy Glue.

Spitzer's picture


The USD is fundamentally the worst currency out of the big 3.
Yen-trade surplus, creditor nation

Euro-trade neutral , net creditor

trembo slice's picture

agreed.  we just benefit from having the world reserve currency.  we can export inflation.  when those dollars make their way home... we will be fucked.

Ahmeexnal's picture

You have to take into account other issues.

Japan: about to fall into the (radioactive) sea.

Europe: about to engulf in it's ritualistic cyclic brutal intrawar


Smart money will soon buy CHF and rubles while dumping euros.  Many already have.

trembo slice's picture

Smart money dumped the swiss franc the moment they pegged it to the euro.  Smart money is in gold and silver... although gold is the safer play.  The USA is already engulfed in war in the Middle East, and if it starts to go down in Europe you better believe we'll throw our dick on the table.


LongBallsShortBrains's picture

Seriously stuffed animals would promote more effective change at this point.



Seriously, stuffed animals would promote more effective change at this point.


If you mean the first, I don't think it matters whether the animals are seriously stuffed or just stuffed. You would be right either way.

If you mean the 2nd, I took you seriously.

Don Birnam's picture

Need we really ask what the 'Street-obeisant Ben S. Bernanke's move will be ? The Giant Squid has already divined ( read: prescribed ) the outcome.

So let it be written, so shall it be done.


OOONONO's picture

Bank of Cunt Tree Wide - Lynch ...  yah, total puke

Bicycle Repairman's picture

Parry has good hair.  Better than Romney's.  So double plus good.

TheLooza's picture

noticed that.  but then I saw his wife and was shocked a I was expecting a pretty trophy wife.


Someone dipped his wife in acid robo-cop style.



nyse's picture

+1 Funny points

p.s., I, too, like turtles.

TruthInSunshine's picture

...and if one trades with other people's money, bet big..


Aha! The keys to the kingdom are right there!

Even though the surest way to make a small fortune in the equity market casino is to start with a large fortune, it's no sweat off your sack if you're using OPM.

Other Peoples' Money (mainly taxpayer and 401(k)/Pension/ERISA sheeple money) is what has drives the fractional reserve banking, centrally planned, heavily subsidized (picking winners and losers), 'developed' economies.

Throw in leverage on bets of 30 or as much as 1,300, with an express or implied taxpayer backstop guarantee against losses, and BOOM, BABY, BOOM!

scatterbrains's picture

which is not to say your sack wont sweat if your using OPP

LongBallsShortBrains's picture

If You Owe The Bank A Million Dollars and cant pay,  then you're In trouble


But If You Owe The Bank A Billion.......  


The taxpayers are in trouble!

Herd Redirection Committee's picture

Used to be:  The bank is in trouble!  Yep, times sure have changed.  In that, somehow the bankers put the taxpayers on the hook for all the banker's bad bets and we still haven't even noticed!  Imagine if there was real mark to market accounting and no bailouts, what the price of real estate would be today.  40% less?  50%?

SheepDog-One's picture

Bunch of 'FED will buy bonds' (monetizing the debt) talk? BO-RING! Thats not QE3, sorry. And also, its illegal, and TREASON I might add.

Wheres the talk of pallets of free money air-dropped over Wall St in the trillions, which has already been baked-in about 30 times over?

Irish66's picture

feeling contemptuous

4shzl's picture

Sold seven figures of long Treasuries into this morning's "buy the rumor" rally.  If the monkeys in Marriner Eccles Building come out with a 1.5% target for the 10-year, I'll be crying in my beer tonight.  Otherwise, I expect the market will sell the news.

LongBallsShortBrains's picture





The monkeys might push it a little.    But it wont last.


Long Balls

Strider52's picture

I bet that Bernanke will release some words, mostly formed into sentences, that the Fed will "do something when appropriate".

Nascent_Variable's picture

Bernanke must announce a full, public audit of the Fed, endorse the gold standard, resign as chairman, apologize for a century of thievery and villainy, then put his head between his legs and kiss his own ass.

Nothing less would be acceptable.

Henry Chinaski's picture

Fix bayonets!

Everyone knows that's all you can do once you are out of bullets.

Robslob's picture

So the Fed must have promised all these "member" banks the above lsited...now that's what I call accommodation!

Henry Chinaski's picture

Learn Ben's weird old trick to fix the economy.

mayhem_korner's picture

Seems like the memo has been sufficiently circulated.

If Ben meets expectations exactly, will that be the biggest surprise (ala Rock-Paper-Scissors)?

SheepDog-One's picture

What surprise? Up until this week, 'QE3' was to be $3 trillion dollars for stocks...now QE3 is rolling over some bond rates? This is not QE3 people, Im sorry it falls far short, this is pathetic.

Spastica Rex's picture

Whatever it is, it's QE3 if we only believe it is. Big Brother is there for us, we must be there for him.

Alvaro de Esteban's picture

The sudden EURUSD movement makes me think that  a little more than twist will happen

Mugatu's picture

Best way to make money on the stock market is as follows:

Go short before every Obama speech


The market starts falling as soon as his lips start moving!  Its better than trading the QE effect.

Nate H's picture

so if the do any/all of those activities, all it does is keep rates low, which is necessary for recovery but not sufficient. If they jubilee some mortgages that might spike market but barring that the shoes are on the fiscal foot for any real help.  For one I am suppressing my enjoyment of horror movies and hoping whatever happens buys more time. Time is very precious now..

SheepDog-One's picture

You seen Cannibal Apocalypse yet? Older movie, very gory...some people even actually believed it was a real snuff film.

BandGap's picture

In post apocolyptic times will Jim Beam be on the same footing as Maker's Mark or Jameson for bartering/negotiating purposes?  Will Captain Morgan's fair better with the younger crowd in relation to the higher ended Appleton rum stocks I own.  And where does Petron's stand in the hierarchy of tequilas?

These are the real questions That must be addressed.

kahunabear's picture

It will all be forcibly confiscated and exchanged for Victory Gin, a very low quality liquor of watered down grain alcohol. But, as a bonus you will get a pack of stale Victory Cigarettes and a bag of Soylent Green chips!

andybev01's picture

don't forget about the chocolate rations!

mt paul's picture

100 lbs chocolate

in the survival rations...


long silver

SheepDog-One's picture

Ive stocked up on a few cases of Wild Turkey 101 pints for the apocalypse, I figure it wont be about connoisuers, it will be about kick.

Bicycle Repairman's picture

Go low market brands.  All it has to do is make your head spin!!

SheepDog-One's picture

Yep, even plastic bottle stuff. People wont care long as it gets ya drunk.

Strider52's picture

Dog, you reminded me of a backpack adventure once on Catalina Island. We were pressed for weight, as we had to carry everything on our backs. Knowing that there were water supplies on the island, I elected to bring only 101-proof Rum, which we would mix with water and make our "Early Death".

 After accidentally walking through a buffalo's harem (we were stoned, duh) and being escorted out by the bull, who was not happy that his nap was disturbed, I broke out the rum, which was in a plastic bottle. I took a straight gnarl right out of the bottle, no water. I had to shit, piss, sneeze, cough, and attempt to breathe all at the same time.

  After seeing me go through this, my buddy John said "Let me try that." Same results.

Spastica Rex's picture

And WT isn't half bad, anyway - especially in a whiskey sour, which can easily be made with sugar, water, and citric acid.

Panafrican Funktron Robot's picture

1.75 liter Cheap vodka in plastic bottles.  Doubles as a wound disinfectant and is excellent for cleaning up blood, the empty plastic bottles are easier to carry to water sources.

Jason_1sandal's picture

The bad thing about bartering with booze is that they may go off and drink it, get drunk and decide to come back and just take what you have left. Judgement is the first thing to go.....