Is S&P forming intermediate term double top?

This is probably a stupid question..what are pomos?

 

You're not serious?

Edit: Yes it's a stupid question. Permanent Open Market Operations, google it.

 

essentially the fed paying the primary dealers for debt auctioned off quite recently (in some cases last week). the pd's take this money and usually gun the market with it.

and yes, i have to agree, it's a stupid question.

 

Thank you for your answer to my stupid question mate.

I learned long ago that if you have a investment skill that works, it is counterproductive to overload your brain with even more info. Basically, if it ain't broke, don't fix it. Thus, I have zero understanding of bonds.

 

As soon as the POMO closed today, the market shot up.

 

This may be a stupid question, what's "google it" mean?

 

You made 5 top calls so far. All 5 of them failed. The S&P is up 145 points since you started. Let's identify top #6.

 

http://lmgtfy.com/?q=POMO

 

http://tinyurl.com/2emypx7

Quite curious what that "investment skill" is you referred to.

 

i get it, but in this environment, you need to understand the fed and everything it does. in my opinion, this is the reason so many who have "skills and systems" that have been proven have failed as of late - because the system no longer functions as it's supposed to when everything is manipulated by the fed. everything.