Why? Bank of Japan is buying ETF´s for a long time....And Swiss National Bank has large stakes in US stocks - like Apple & Co. So, what´s madness about?
%% Exactly. IBD is one of the more accurate media sources; + had a pic of the Japanese Fed/central bank , front page article, some years ago.Good thing for the bulls, tech stocks/ETFs are run better than DAL sector. NOT a prediction........................................................................
Fed didn't used to allowed to hold pure equities, but they may be able to create some hybrid vehicle like a convert which makes it a debt instrument.
capitalism, purpose is to make money. not to lose or give it way. for what give money to billionaires. if you but at inflated prices like amazon and tsla..why the hell would anyone buy it. do you see the gov't buying your 1 million dollar condo? or buy a 100 million mansion in beverly hills from rich people? pfff you might as well give money to homeless.. socialism for the billionaires? or bezos these billionaires don't need your money. low interest at these levels is all they can do otherwise it's under corporate 'welfare' if investors don't want to invest,,why should the 'government' buy tell bezos or these billionaires to buy with their money. or corporate buy backs if the shares are that 'cheap' there is no cheap shares. now and if it's 'cheap' like 10% dividends and p/e of 5 it's there for a reaason. it has too much debt or risk in it's 'business'. or sector like oil. that is capitalism bad. efficient allocation of capital. these old guys own the market and want the 'gov't' to give them money to buy their stocks they cannot sell. BTW: the communist party in china doesn't hide that fact that the 'gov't ' supporting their 'market'
What a SCAM! So the Treasury would "indemnify" the FED against losses?? Then WHY should I pay TAXES to subsidize ALL these motherfuckers????
Banks are market maker dealeres, they own the shares to sell or make markets, they don't have a position in these stocks or care about owning the company. it's for their clients. or they buy for their clients. or mutual funds they have in their portfolios. the banks don't want to own it. it's corporate or individual investors who should be buying if they want it. and think it's 'cheap'
Greenspan gave the market a "surprise!" rate cut in 2000--not only once, but TWICE. Bernanke gave the market a glut of free money to the detriment of the regular Joe-sixpack. So why am I not surprised? When the Fed makes an emergency move, it’s usually an emergency