QE2 POMO Pumping Scorecard

QE2 is 600 billion starting November 2010:

11/12/10 – 12/9/10; 75 billion

12/13/10 – 1/11/11; 75 billion

1/13/11 – 2/9/11; 80 billion

2/11/11 – 3/9/11; 80 billion

3/14/11 – 4/11/11; 80 billion

Thus, the commitment thru 4/11/11 totals 390 billion

600 billion – 390 billion = 210 billion remaining

Thus, projecting thru the June 2011 finish:

Est. 4/12/11 – 5/11/11: 80 billion (new POMO schedule to be announced 4/12/11)

Est. 5/12/11 – 6/11/11; 80 billion

Est. 6/12/11 – 6/30/11; 50 billion

Thus, these projections would keep the current pace exactly as is thru the 6/30/11 end of operations.  Although nothing is known or verified past 4/11/11, if these projections hold true, the Fed has no intent of slowing down the POMO operations or backing off of QE2 in any way.  This activity will continue to favor the equity market bulls, especially between 10 AM and 11:15 AM EST each trading day, for the next 14 weeks.