Martenson Insider - Fed POMO activity and the Stock Market

Friday, August 7, 2009, 10:38 AM
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Today, again, we receive news that Fed is continuing to pour more and more POMO money into the banking system, this time with a 'mere' ~$2 billion addition.

August 7 - New York Fed purchases $1.937 billion in agency coupons

As long-time readers here know, I have been tracking the Permanent Open Market Operations (or "POMO") activity of the Fed for a long time.

As I wrote in The Five Horsemen  ( May 31 2009, enrollment required $):


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