Red? Is that red I see? Where the hell is Bernanke?????? Get him on the horn..what happened? Did your printing press throw a cog? We saw this show yesterday folks. Down 90 points on bad economic news, only to see program after program fire and end the day +46. That's the major bank institutions, via the Fed's Pomo money getting pushed straight into the market.
Another success
Dollar coming off lows ???
Thanks Jay
ReplyDeleteRed? Is that red I see? Where the hell is Bernanke?????? Get him on the horn..what happened? Did your printing press throw a cog?
ReplyDeleteWe saw this show yesterday folks. Down 90 points on bad economic news, only to see program after program fire and end the day +46. That's the major bank institutions, via the Fed's Pomo money getting pushed straight into the market.
Will they do it again? Probably, I don't know.
Agree and one wonders why there is flash crashes out there when the bid goes away.
ReplyDeleteStrange but a thought. In one week we had 3 POMO's, market still at 1142, no change. Its just holding up the market
ReplyDeleteJay: Any changes to your strategic thinking for the next few days?
ReplyDeleteJeff
ReplyDeleteSpt seems to want to go out with that BEST in 70 years designation
How much can they give up today and still hold onto that REWARD
Will 2 days of PANIC ERASE the WHOLE year??
Not likely, but its still the prognosis
One could AGE from watching paint dry this last 2 weeks
Jay