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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (42218)9/30/2011 4:26:31 PM
From: ggersh1 Recommendation  Read Replies (1) of 71426
 
"Devil's Night Rally"

POMO.... It's BAAAAAAAAACKSubmitted by Tyler Durden on 09/30/2011 - 14:32

Derisking POMO You didn't think the Fed would let more than a few months pass without the much beloved and dearly missed near-daily POMOs now did you. The FRBNY's Brian Sacksters just released the October schedule of $44 billion in long-dated purchases, and $44 billion in short-dated sales. Since the net effect to banks is one of derisking, the offsetting rerisk will be implemented in the form of more stock purchases. Hopefully their prop desks (which no longer exist, right, after all the whole Volcker Rule thing and the UBS fiasco...) will know how to trade Netflix this time around better than last time.
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