just suggesting, POMO was added factor today, due to it's targeted nature in that maturity..

was good setup for reversal today, as POMO had $2 billion targeted in long bonds, and that is a big number for that maturity.

you know its slow when I'm watching (on mute) Cramer pushing NG, on a 5 min bar it rose ~ 20 cents on the highest volume bar of the day 515k shares.

I made the mistake with this one of looking 'under the hood', sold it out promptl

nice swap, you get the 2 teenagers and I get the snow

my kids want to know if you have room for them and their snowboards for vacation week...

tgt by tomorrow 1250 imho

FED staff draft proposal on credit card fees, gonna hurt the bottom line of cc companies big time. not sure the mkt was prepared for the extent of the hit.

apparently the willingness of creditors holding $16 billion of questionable mortgage backed securities agreed to continue to negotiate, and that is viewed as a good sign for the company. unfortunately for BAC the creditors want to be paid 100 cents on the dollar for these mortgages priced ~33 cents (I think) currently. their contention is the mortgages should never have been pooled in the first place as they didn't meet the criteria of the pools (not sure if SEC registered or not) they were gathered into. my understanding is there is another 25+ billion of BAC mortgages out there with similar problems.  bottom line, is eventually BAC is going to have to take these mortgages back and write off the difference. by continuing negotiations they won't have to do that in the fiscal period ending 12/31/10. imho they will have to do it in 2011, the question will be how much they can 'negotiate' the damage down. I'd be reluctant to hold BAC as a long term prospect. JMHO.

yep, remember that, was looking at the 12/9 post of last week. now at the bottom of the channel, just wondering...

Matt, hows that bull flag looking these days? noted on 12/9

Ditch, I'm with you, had my hand on the trigger today @ 16.29, did it on paper cause my hand hurts from getting smacked so many times past 6 weeks.

is it still worth an entry at the bottom of the bull flag from 12/9? and what would that level be ~?

preferred stock offering

I see it came off the wl yesterday, great timing, they have priced a secondary settlement 12/22. a good reasons for me to find another stock to play.

Matt, thanks for the pep talk, guess I gave in too quick

mentioned here on friday, held it over the weeknd and gave up today just before the close. so explain to me how it is up 3 points after hours. it couldn't have done that Friday???? oh I see, they put themselves up for sale, and they couldn't have done that earlier in the day?

Matt, per last nite's commodity report, you were looking for another pop, how about backing up to support @ 20 ma? around here?

I didn't say they were buying them today...

marketguy, FOMC only buying under 10 yrs, specifically in the 5-7 year range. thus 10 years on out has few buyers.  that is why the yield curve is so ridiculously steep