Monday, November 15, 2010

POMO OVER

The much watched submitted:acceptd ratio was at 3.5 which in the last round of QE would send the markets higher. So today, if we don't see a move from this low ratio, the proverbial punch bowl may have been taken away leaving the market to fend for itself. We'll see.

2 comments:

Unknown said...

What does the 3c say on the market?

JC said...

Lets see if this recent pop is the headfake we were looking for.