Wednesday, November 10, 2010
Am I the Only One Who Felt There Was Something Strange About Today?
I kno from emails, there are a few others, but there's a feeling almost like a major press announcement or something should be coming out. Something just didn't fit in the market today after the POMO schedule was released. I can't say anything objective about it yet, although I'll be looking for any objective data that seems out of whack, right now it's just a gut feeling that something is off.
10 comments:
I agree and went to my bank today and took out a couple of $$$ just in case. Something very odd about a missle launch off our coast, POMO running almost every trading day for the next month, silver going against the grain and the market just kind of rambled on today. I thought the traders would have gone nuts with the amount and number of reverse auctions planned.
BRANDT. The market moved (UP) today.
Is the **(DAILY SPY)*** still NEGATIVE?
Can you post a picture of DAILY SPY?
meeeee,
Look at the futures. DOW is currently down 70+ points because of cisco.
Now that is a beat down. I knew I was missing something to have Brandt check into. Maybe the FED is going to protect it shares of all the companies it owns by purchasing all the shares of every company to monetize everything. Just means they will have to keep printing money.
Thanks MR PINK. CISCO is a BIG player in the market. Maybe CISCO going down will pull DOWN the rest of the market.
meeee,
If we want the market to go down in the face of all that FED free money, then we need to think bigger. We need to see countries going bust in Europe (Ireland/Portugal) and/or we need to see false flag terrorism attacks and/or bond auction failures... that type of scale, not one company reporting crap results.
Agreed, and maybe that is what the FED is frontrunning themselves. Something smells with todays action and it is probably pretty big. I read somewhere that Ireland has less than a week for resolution. Maybe this will be the ultimate test of the Euro's fake backstop of $750 billion dollars.
108billion over the next month in POMO...not a market to be playing in(IMHO)
With POMO and rampant fraud, this is not even a market anymore... It's an organized crime syndicate performing a shakedown. The only sort of fundamental and technical analysis which matters anymore is watching SEC and FBI action, and the action there is WEAK. As many economists have now said, there will be no return to normal economic activity until justice is dealt to the criminals. Nothing else matters at this point.
Something is definitely up. The POMO schedule suggests that the Fed expects some serious downside and will try to prevent it from getting out of control.
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