Worries Over Inflation Send U.S. Market Down

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

It is human nature wanting to be in control when dealing with uncertainties. Trading is the best challenge in human activities to accept uncertainties and extract profits under such conditions.

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Visa's international business has become a larger portion from the quarterly comes. Payments outside the U.S. -- $422 billion -- accounted for 44 percent of Visa's third quarter volume, up from 41 percent in a year's time ago, when such payments totaled $333 billion.

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