It had to happen eventually, and the Wall Street market meltdown of 2011 is finally here. How did you celebrate the event? Did you pick up a few shares of a blue chip stock or two or did you stay on the sidelines. Most traders/investors I’m reading stayed out of the way. I still...
Some thoughts on oil prices and the economy. Today we are watching the extension of a market melt down across risky asset items, something we had seen coming in part as a result of the end of the Fed POMO schedule. It honestly took a few more days than I thought it would to...
In typical late day action the daily forex market signals are indicating a turnaround post European exchange closings. The US dollar has weakened in the afternoon and we’re seeing strengthening in the risk on securities as per normal – AUD, CAD, NZD. Trading activity such as this really shouldn’t come as any surprize anymore...
Just a quick shout out to subscribers… you should already know this information but if not, you would do well to take a look at these Swiss Exchange rate charts. That’s your homework assignment for today. Gold bugs need to look at the charts too! The Swiss Franc has always been kind of a...
Well here we are for Quarter end trading (read: window-dressing) and the last “official” FED POMO event. Tomorrow we get the last influx of FED POMO cash as the trades settle and beyond that we’re looking only at reinvestment of maturing CMBs and the like. Note that these wouldn’t be cash injections, they would...
The final Fed POMO June 2011 Schedule is out, and the last final push on the money string is under way. Only $62Billion this time around. Weak dollar days look like June 16 and 17, and especially June 21-22 – the heaviest single day (21) during the entire Fed POMO schedule. Expect weak dollar on 27-29...
The best investments for 2011 so far have been made by those sleuths who have been shorting fraudulent Chinese holding company stocks. If shorting isn’t your thing tho, commodities have been pretty good – in spite of the recent down turn. What investors want to know is what is going to be big over...
In yesterday’s FED POMO 2011 Schedule post, we talked about the slow wind-down of the QE2 program. Given the volume of US Dollars which have already been stuffed into the economy via the other FED monetization programs and MBS purchases we discussed the idea that this latest round of dollar easing amounts to pushing...
Well thanks to the Fed POMO Schedule 2011 we have a new May and June spending spree to look forward to. A quick glance at the numbers indicates likely dollar weakness (and hence Gold, S&P 500, and Oil strength) on several dates upcoming. As pointed out elsewhere, the monetization spree doesn’t take a single breather...
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