Article

2009-08-13 Britain

RBS uber-bear issues fresh alert on global stock markets

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Posted by tipper 2009-08-13 11:55|| || Front Page|| [3 views ] Top

#1 I saw an interesting analysis the other day (might've been posted here, I don't recall) that seemed to show a correlation between the Fed's OMC activity and the recent market rally. The beginning of a ramping up of the Fed buying US debt exactly coincided with the beginning of the present rally and a brief period of a couple of weeks during which the Fed scaled back their purchases was the markets sell off. The hypothesis offered was that this rally is mostly due to newly printed money being injected into the markets. Caveat emptor of course.

Posted by AzCat 2009-08-13 21:30|| 2009-08-13 21:30|| Front Page Top

#2 And stuff like this -

Part of the answer may lie in a nice piece of work posted at ZeroHedge which notes that on POMO days that stock markets exhibited some statistically unlikely upward thrusts in the final few minutes of each associated trading day.

Under this scenario POMO money is being shuffled out of the endless thin-air vaults of the Fed and into the banking system where it needs to find something to do. One of those things, it seems, is to goose the stock market, especially late in the day.

They're running the Sting and the mark is those who are not part of the inner circle of the financial institutions and the tax payer who's going to be hammered again.

Posted by Procopius2k 2009-08-13 21:46|| 2009-08-13 21:46|| Front Page Top

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