Fed Cancels POMO

Now this is interesting. Why would they do that? Maybe because POMO is meant to manipulate the market higher and today would be a complete waste of money considering possible catastrophic events in Japan. Thank the higher power that my friend's brother got out of Japan yesterday with his family. They had about enough luggage for a family of four, for a weekend trip to Disney so they were pretty keen on getting out of there quick and this is one smart guy who is very well informed.