Thank the Federal Reserve for POMO

The Federal Reserve’s POMO policy to shore up the stock market is working well today as seen below from CNNMoney.com:

The bars under the graph represent the volume of stock sales. Each time the market starts to collapse, the volume rises and “stabilizes” the market. TheseĀ purchases under POMO are artificially giving a false sense of security to the American people and making an inevitable correction worse.

David DeGerolamo

      
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1 Response to Thank the Federal Reserve for POMO

  1. Pingback: The New York Federal Reserve Rescues the Stock Market (Again) | NCRenegade

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