8 replies to this topic

[tommyt]

I'm confused, does the PPT buy on strength now?? I am shorting the close.

[da_cheif]

no.....the MUPT sells on strength......g

[johnmc]

I saw the treasury placed 16 billion today and on Monday is adding another 12 billion. The maturity date is June 28 and 29, so get ready for all time SnP high for the end of the month.

Your government at work


TIO

[JAP]

no.....the MUPT sells on strength......g

PPT I got, but was is MUPT?

[selecto]

Whatever the PPT is, it neither buys or sells. It is surely not a bunch of clerks in the basement of the Treasury building making trades so good they can stop things at Fib retracements or trendlines. And why would they be concerned with market "asset values" at all time highs?

Edited by selecto, 15 June 2007 - 11:32 AM.

[da_cheif]

PPT is nutting but a sour grapes description of the bull mkt.. MUPT is nutting but a sour grapes desciption of a pullback....snort MUPT....Melt Up Protection Team......

[johnmc]

The treasury isn't doing any trading, they are simply auctioning off to qualified participants (brokerages, money center banks) excess operating funds for a fixed time and rate. The money does need to be repaid with interest, so it does need to be put to work quickly. One thing I have noticed, once these auctions start, it ramps the amount available quickly. Usually every day for weeks more money is placed.

There is a relationship with the major market index performance, one chart that shows the SnP is:





From the past year I have noticed the general market indexes have support through the last date of the term.
A new high in the SnP may not be a target, it simply ends up being a result of massive short term liquidity being added with it being close to it's all time high. Add into this potential for end of the quarter run up. That is why I see new highs for the SnP.


I am skeptical of the timing of the auctions, seems like any time the market is starting down, along comes another series of auctions. I have noticed this since last year's selloff.

[steve]

"If" there is a PPT, they most likely do not bother with the markets unless it is special situation like the 1987 crash or 9/11.

[tommyt]

"If" there is a PPT, they most likely do not bother with the markets unless it is special situation like the 1987 crash or 9/11." I guess some mistook my sarcastic question...the last thing we need is the PPT...it goes up almost everyday!! I am sticking to my guns and shorting the close.