Where's the POMO explosion? Traders positioned early expecting it. If it doesn't come they will sell off in a hurry. GS does not need POMO to squeeze shorts. The Fed doesn't need POMO to squeeze shorts. Nobody needs POMO to manipulate a market.
According to the theory the treasuries are sold in the AM and the funds are funnelled into the stock market starting at 2pm. If traders expect it then they enter early.
I thought it happens at 10:15 - 11:00 and then again from 3:30 - 4:15.
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According to the theory the treasuries are sold in the AM and the funds are funnelled into the stock market starting at 2pm. If traders expect it then they enter early.
ReplyDeleteIs this market ever going to go back to Dow 10,000. Geez
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