Black Every Day?

nitro said:
This is troubling for many reasons. The Plunge Protection Team may or may not include the FED, but it definitely includes other central banks meddling in US economic destiny.

BOJ bought 70 bln yen of ETFs Thursday - market sources

Aug 4 The Bank of Japan bought about 70 billion yen ($689.66 million)of exchange-traded-funds (ETFs) on Thursday, market sources said.

The purchase was the BOJ's first under its expanded ETF purchase scheme. The central bank announced last Friday that it would increase ETF purchases so its total holdings increase at an annual pace of 6 trillion yen ($59.11 billion), up from the current 3.3 trillion yen. ($1 = 101.5000 yen) (Reporting by the Tokyo markets team; Editing by Simon Cameron-Moore)


http://www.reuters.com/article/boj-markets-etf-idUST9N1AD01O
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They are buying 25% of SPY per year. They will own it all in 4 years. And that is SPY.
If it is QQQ, they would buy all of it in 9 months.

But I guess there is no limit, we can issue more shares and they can print more dollars. If they can borrow at -10% by setting rates there, why not? Free money.
 
The second part of what you are saying can't be correct. I have to think about it before I stick my foot in my mouth.

noddyboy said:
They are buying 25% of SPY per year. They will own it all in 4 years. And that is SPY.
If it is QQQ, they would buy all of it in 9 months.
But I guess there is no limit, we can issue more shares and they can print more dollars. If they can borrow at -10% by setting rates there, why not? Free money.
More...
 
nitro said:
The second part of what you are saying can't be correct. I have to think about it before I stick my foot in my mouth.
More...

Of course I am wrong. But I am waiting for it to be painfully obvious that I am wrong...otherwise, it hardly is a bubble.
 
Quarter million jobs added and fed still not moving rates......hmmmmm.....they probably want 7% inflation and 2% unemployment rate before they hike to 0.75%.
 
My model is showing the most schism it has show in probably nine+ months. Through its lense, I can argue for both SPX 2300 and SPX 1700. Last time I saw it like this divided was before last August.

FWIW.
 
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