Friday is day #1 of POMO on steroids – or debt monetization if you like. Yesterday I wrote “The QE2 schedule was released today where we find out that the Federal Reserve Bank will be monetizing $105,000,000,000.00 of Treasury debt over roughly the next four weeks. Yes, all of that will be purchased in just ONE month...or less.”
Be prepared for anything.
I have for you today a link to a video that is 29-minutes long. In it we see an interview of a legendary investor Jeremy Grantham who has many fascinating things to say about the overall economy in general and the Fed specifically. It is a MUST watch.
I have for you today a link to a video that is 29-minutes long. In it we see an interview of a legendary investor Jeremy Grantham who has many fascinating things to say about the overall economy in general and the Fed specifically. It is a MUST watch.
Trade Date: 11/11/10
E-Mini S&P Trades*
(before fees and commissions):
E-Mini S&P Trades*
(before fees and commissions):
- No “Secrets” trades filled today.
- Algorithm positions (5)
- “Reading the Tape” positions (7) …combined Secret’s, Algo, & “Reading the Tape” total… +8.75
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