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Post by ccash04 on Sept 13, 2010 15:05:45 GMT -5
Well hope all did well. FWIW there will be 2 more POMO days this week, Wednesday & Thursday.
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Post by jack on Sept 13, 2010 15:08:09 GMT -5
SPY's 50MA in position w/ the 10 & 20 needing to reverse in order to form a more perfect triunion for a bullish move.
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Post by brosin on Sept 13, 2010 15:45:02 GMT -5
Well hope all did well. FWIW there will be 2 more POMO days this week, Wednesday & Thursday. Thanks for the heads up Ccash- for some reason I thought today's was the last, but found the schedule. www.newyorkfed.org/markets/tot_operation_schedule.htmlFwiw, Treasury strength should cause the stock market to go *down* I would argue, and not up as some are arguing here. The logic for why they would go up together seems to indicate the market is worried about the US' debt rating, which I doubt.
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Post by ccash04 on Sept 13, 2010 15:52:50 GMT -5
Well hope all did well. FWIW there will be 2 more POMO days this week, Wednesday & Thursday. Thanks for the heads up Ccash- for some reason I thought today's was the last, but found the schedule. www.newyorkfed.org/markets/tot_operation_schedule.htmlFwiw, Treasury strength should cause the stock market to go *down* I would argue, and not up as some are arguing here. The logic for why they would go up together seems to indicate the market is worried about the US' debt rating, which I doubt. POMO would be rationale for both to rise in tandem as primary dealers, banks, can buy stocks and bonds with the cash.. Also since banks only have to hold around 3% in tier one capital or whatever it is now with the new regulation that takes place in 10 years that's about 30:1 leverage. So some of that money will go to stocks and bonds making them both rise
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Post by brosin on Sept 13, 2010 15:59:23 GMT -5
Hm yeah you make a good point there. Tough to argue with it. Only thing I could come up with is that the banks haven't exactly been willing to put money into risky assets though - excess reserves remain catastrophically high. BUT I did find the most recent data, and it is picking up speed in the right direction! Take a look (I will also post in Charts and Chats): www.federalreserve.gov/releases/h3/current/$20 billion had come out of excess reserves in the 2 weeks ending 9/9/10 I find that awesome - what was the market doing those 2 weeks?
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Post by ccash04 on Sept 13, 2010 16:33:53 GMT -5
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