Zero Hedge and some others have used the “3:30 Ramp, LLC” name for a while. Primarily as a moniker for the Fed’s POMO.
The baldheaded guy with the ponytail was commenting on CNBC a while ago. His opinion was that there were some oil contract margin calls yesterday that triggered the -460 drop.
Makes sense.
Intermittent market news on the radio which I keep on, there was mention of a rally, almost as if it was known it was likely to happen.
Little players like most of us could have done very well in retrospect. In my case, I wanted to be sure I was close to the bottom. Can't blame it on HFT and institutional traders.
Actually many stocks still seem overpriced to me compared to a year ago. Some examples, Walgreen's, Home Depot, Hewlitt Packard (I don't track tech or pharma very well).
Apple split to where I could afford some shares but is it worth it? Some stocks like a fertilizer company, RTN, are so low along with my ISP ELNK, that I'm afraid to buy in for fear they will go belly up. When RTN was at 19-20, I said to myself if it goes to 15, I'll buy in. Today it's traded around the low 11's. But farm prices and futures are so low, have to factor that in.
I don't know POMO looked it up, permanent tool of the Federal Reserve to buy or release funds to banks. Something like that. There is a Ramp LLC in Miami lol.