And still no one believes the fed is now responsible for every single gain the markets have seen. Without the fed equities would be 80-90% lower. Fed Is Getting Awfully Close to Backing Apple Stock The central bank will purchase the company’s bonds, which were issued in part for share buybacks. By Brian Chappatta July 6, 2020, 6:00 AM EDT https://www.bloomberg.com/opinion/a...se-to-backing-apple-stock-by-buying-its-bonds
Standard S2007S playbook. Buy triple short etfs way too early, hold them for months in a rising market, get frustrated and post in big colorful fonts how markets are rigged and the Fed is doing things that are fundamentally impossible. He's delusional.
Not necessarily. Its because the stock is up 45% in 5 days. Its going to break down below 1200 eventually but I covered after it fell about $20. Still waiting for news release of s$p 500 addition so thats why I'm hesitant to hold on to it for any longer than a few hours to a day. Moved onto a quick MSFT short now.
China told citizens to buy stocks, boosting market — ‘We have the Fed...China has its state media’ PUBLISHED MON, JUL 6 202011:27 AM EDTUPDATED MON, JUL 6 20204:48 PM EDT https://www.cnbc.com/2020/07/06/chi...e-bull-markets-china-has-its-state-media.html