As noted below, the FED is on schedule beginning next week to inject mega funds into equities. This will guarantee a Santa Claus rally for the bankers and prove that money printing can at least prop up the stock markets.

On such POMO days, the USD usually weakens and precious metals rise. Therefore, the FED will ensure we all have a nice Christmas season starting very soon.

Cheers - VHF

-

Morning Update

Nathan Martin

November 12, 2010

...Just wait until they get a kick in the rear by the new POMO schedule. The new POMOs on average are twice as big, and they are happening nearly every day – 19 of the next 20 trading days will have POMO operations. Does that scare you? It should. Its outright thievery of your money, as each money printing operation robs you of your purchasing power.

And note that on non-POMO days, like yesterday, that the selling continues and it continues on volume. Below is a daily chart of the DOW that I captured just after the open this morning. Note the higher volume yesterday despite it being Veteran’s Day. But also note that the current uptrend has yet to be broken here like it has been in the NDX, this morning it is resting right on the uptrend line - OH POMO, PLEASE SAVE US! (lol).