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Версія за 22:28, 25 жовтня 2015

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So what exciting news gave stocks such a lift that the Dow and also the S&P 500 finished within the green? There wasn't sort of. However there was a POMO auction on Thursday, in which the New York Fed took bids for about $6-$8 billion in Treasury coupons dated 2018-2021, triggering approximately $150-$200 billion in leveraged capital distributed via the Fed on the Primary Dealers whose proprietary trading desks were eager to ramp-up stocks through a single day. As I recently explained in my small blog, This method was called "The POMO Effect" within a 2009 paper by Precision Capital Management entitled, "A Grand Unified Theory of Market Manipulation". Love this particular milieu when it lasts -- because after quantitative easing ends on June 30, "late day rallies" become few and a lot between.

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"It's not unreasonable to anticipate that Westfield will make it a point kind of internal rate of return coming from high-quality regional malls jettisoned from" General Growth," JP Morgan said in % increase on Sunday.

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