By: LINK on Mercoledì 14 Agosto 2013 13:05
Versione bearish grafico Apple. Se uno pensa alla continuazione del mercato Orso , ora si vende.
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US Treasury Finally Admits The Truth: It's All POMO
Submitted by Tyler Durden on 08/13/2013 - 18:15
Back in 2010, when few still dared to question that the entire move in the market is predicated on the Fed's daily POMO (then still on QE2), we laid out, in a way so easy even a caveman could grasp it, how every tiny move in the stock market is nothing but a function of the Fed's daily POMO on those days in which Bernanke would be directly injecting liquidity into the capital markets using his Primary Dealer frontmen. Since then nearly three years have passed, and thousands of POMO days. All of which brings us to this quarter's Treasury refunding presentation, and specifically the section "Effects of policy and market structure" from the Presentation to the Treasury Borrowing Advisory Committee, in which we learn that we had in fact been right all along, and that perhaps for the first time ever, the Treasury admitted that not only "no one dares fight the Fed" but that, as expected, it is "all POMO."
Alla fine ONDE o NON ONDE .... conta solo questo e finchè non smettono , per i Bearish è dura... A proposito di POMO domani 15 e venerdi 16 entrano sul mercato qualcosa come 7 Bln dollar complessivi....
