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I Thought Quantitative Easing Ended?
 Well, it’s options expiration week again and as usual Wall Street is gunning themarket for all it’s worth. The bulls are falling for this shenanigan yet again, just asthey did in June.How’d that work out? Tracking options week manipulations isn’t easy because there are no strict rules:the action all depends on where the market is and the number of outstandingcontracts at given price points. For instance, back in April investor bullishness was at extremes. Consequently,Wall Street ramped stocks first upwards (the usual predilection) to shank theputs… only to swiftly reverse the action in the middle of the week to shake outthe calls. 
 
 This whole system occurs courtesy of the Federal Reserve which openly andblatantly pumps the market on options expiration week. I’ve shown the belowchart before. It’s staggering that no one in Congress or any of the regulatorsactually bother following up on this. How much more obvious does Bernankeneed to get? 
Options expiration weeks in boldWeekFed Action
July 8 2010+$1 billionJuly 1 2010-$13 billionJune 24 2010+$175 million
June 17 2010+$12 billion
June 10 2010-$4 billionJune 3 2010+$2 billionMay 27 2010-$16 billion
May 20 2010+$14 billion
May 13 2010+$10 billionMay 6 2010-$4 billion April 29 2010-$1 billion
April 15 2010+$31 billion
 April 8 2010+$420 million April 1 2010-$6 billion
 
March 25 2010+$5 billion
March 17 2010+$25 billion
March 11 2010+$2 billionMarch 4 2010-$5 billionFebruary 25 2010+$8 billion
February 18 2010+$21 billion
February 11 2010+$7 billionFebruary 4 2010+2 billionJanuary 28 2010-$4 billionJanuary 21 2010-$39 billion
January 14 2010+$56 billion
January 7 2010+$1 billionDecember 31 2009-$1 billionDecember 28 2009+$35 million
December 17 2009+$49 billion
December 10 2009-$17 billionDecember 3 2009-$2 billionNovember 27 2009-$2 billion
November 19 2009+$73 billion
November 12 2009-$30 billionNovember 5 2009+$3 billionOctober 29 2009-$39 billionOctober 22 2009+$8 billion
October 15 2009+$54 billion
October 8 2009-$3 billionOctober 1 2009-$17 billionSeptember 24 2009+$18 billion
September 17 2009+$51 billion
September 10 2009+$4 billionSeptember 3 2009+$8 billion August 27 2009+$14 billion
August 20 2009+$46 billion
 August 13 2009+$25 billion August 6 2009-$11 billionJuly 30 2009-$38 billionJuly 23 2009-$33 billion
July 16 2009+$80 billion
 Notice that on non-expiration weeks the Fed either pumps the system slightly or,
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