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To: Real Man who wrote (393544)	9/1/2009 1:28:40 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

LOL, three times more overvalued than the tech bubble and over sold. -g-

To: Real Man who wrote (393544)	9/1/2009 1:53:08 PM
From: MythMan	Respond to of 436258

Message 25908266

To: Real Man who wrote (393544)	9/1/2009 2:05:22 PM
From: Giordano Bruno	1 Recommendation Read Replies (1) \| Respond to of 436258

Just when you thought the Fed was trying to gradually disintermediate itself from capital markets, they are off to the races with another POMO action. As of this auction, $276.3 of the $300 billion in Treasury repurchase allocation has been used up, leaving less then $25 billion for future POMO actions. As Zero Hedge discussed before, this total will be used up in the next 2 weeks. What then? All of a sudden the invisible bid under equities is looking very, very precarious.