Yeah no kidding……every time I’ve seen total chaos like this, it usually results in everyone getting spooked out and bailing. Someone gave the controls to Cheech and Chong.
Could be the mutuals are bailing while the POMO money is being used to control the selloff. And remember cost-benefit to pushing a topping market upwards.
If you were a primary dealer (pretend you’re an evil scumbag), wouldn’t you wait until the oppotune moment, then use a few billion POMO dollars to tank the market? Way easier money than using those billions to push up the S&P another 3 or 4 handles.
Thanks anoopsan somehow i dont see the market coming back from this slide there is still time but right now it looks like Feds VS whole world and Feds dont seem to be winning this time
Yeah no kidding……every time I’ve seen total chaos like this, it usually results in everyone getting spooked out and bailing. Someone gave the controls to Cheech and Chong.
Agree. Taxpayers money buying the mutuals
Could be the mutuals are bailing while the POMO money is being used to control the selloff. And remember cost-benefit to pushing a topping market upwards.
If you were a primary dealer (pretend you’re an evil scumbag), wouldn’t you wait until the oppotune moment, then use a few billion POMO dollars to tank the market? Way easier money than using those billions to push up the S&P another 3 or 4 handles.
Thanks anoopsan somehow i dont see the market coming back from this slide there is still time but right now it looks like Feds VS whole world and Feds dont seem to be winning this time
TRIANGLE of Dow jones: CLICK HERE
Election and FOMC( already factored in the market) disappoint plus mutual fund selling right now
What were the other 3 reasons?
POMO money can’t support the market today. Houston we have a problem!
http://www.businessinsider.com/and-heres-a-fourth-reason-to-fear-an-imminent-selloff-2010-10
Looks like we go up to top of ED in a double-zigzag. Let’s see how far this rally can go.
Am buying a bit of UUP with tight stop. Figure risk-reward looks ok.