SPDR S&P 500 (SPY): FYI...from ZeroHedge re. the latest POMO...

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Tuesday, 10/13/2009 1:44:39 PM

Tuesday, October 13, 2009 1:44:39 PM

FYI...from ZeroHedge re. the latest POMO. Two

Today the Fed repurchased $2.949 billion of 7 year bonds via its second to last POMO. There is $2.7 billion of dry powder left: one last arrow in the QE quiver, best used on yet another down day.

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