Ares
22nd September 2010, 10:56 AM
Of AAPL And AMZN
Today's POMO has come and gone, the Fed has monetized $2 billion of 3 Year bonds, the money has been funded to the PDs who have already executed their daily purchases of SPY, Amazon and Apple. The ratio of Submitted to Accepted bids was a whopping 10x. Most desired CUSIP was 912828NY2. The market can now resume its decline. Move along.
<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/POMO%20End%209.22.jpg"/>
http://www.zerohedge.com/article/todays-pomo-finished-meager-2-billion-allotted-purchases-aapl-and-amzn
Today's POMO has come and gone, the Fed has monetized $2 billion of 3 Year bonds, the money has been funded to the PDs who have already executed their daily purchases of SPY, Amazon and Apple. The ratio of Submitted to Accepted bids was a whopping 10x. Most desired CUSIP was 912828NY2. The market can now resume its decline. Move along.
<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/shirakawa/POMO%20End%209.22.jpg"/>
http://www.zerohedge.com/article/todays-pomo-finished-meager-2-billion-allotted-purchases-aapl-and-amzn