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The Tradition Of Mindless Stock Ramping On Fed POMO Days Is Back
• Zero HedgeOne of the most beloved phenomena of Fed intervention is the "miraculous" ramp up in stocks on days in which the Fed's Permanent Open Market Operations (POMO) occurred
One of the most beloved phenomena of Fed intervention is the "miraculous" ramp up in stocks on days in which the Fed's Permanent Open Market Operations (POMO) occurred