InvestorsHub Logo
icon url

bigworld

10/20/10 9:11 PM

#2498 RE: Market_Fest4 #2496

MF4: You can Google "POMO Schedule" and come up with links to past and future POMO operations;

ZH)
New POMO Schedule (ZH)
Written by Steve Meyers
Wednesday, 13 October 2010 13:18

Today, the Fed withdrew a whopping $260 million in liquidity from the market via a Treasury-backed 5 day reverse repo at a 0.20% stop out rate, which is pretty much what banks earn on their excess reserves confirming that this operation was nothing but a travesty. Much more importantly, minutes ago the Fed announced the POMO schedule for the next month: there are 9 liquidity drowning events coming up in the next month. Expect another $32 billion in AMZN, NFLX and AAPL purchasing power to appear magically out of Brian Sack's left pocket. As is now common knowledge shorting on any day, but especially on these days, is suicide. Which is why all natural shorters will continue piling into gold which has become the only way to formally oppose the Fed. Instead of looking at POMO days as stock melt up days, consider them days in which gold will soar even more (due to the recently discussed higher gold melt up beta compared to risk). Trade accordingly.

Note the following dates:

October 15: 10/31/2014 – 9/30/2016
October 18: 10/31/2016 – 8/15/2020
October 20: 1/15/2011 – 2/15/2040
October 22: 4/15/2013 – 9/30/2014
October 26: 2/15/2021 – 8/15/2040
October 28: 15/2012 – 3/31/2013
November 1: 4/15/2013 – 9/30/2014
November 4: 10/31/2014 – 9/30/2016
November 8: 10/31/2016 – 8/15/2020