We’ve reached a critical mass point where people are starting to get out of their homes and redoubts - government nannies be damned. And that will accomplish more than the Fed ever could.
The government calls up Golden Slacks and tells them to buy. GS knows they will pay a stiff price if they refuse. The market mysterious rises on no news.Then they trade out of the position to the public.
%% True; may not help DAL in the long run-they went bankrupt with no virus-not a prediction.[If I could have ''predicted'' theFED would buy bonds+etfs I would not have sold TQQQ/LOL].But that's ok; no commission + found something better. Nice dow dip+ good QQQ uptrend,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
They've (The Fed) been doing that for more than 10 years. Sometimes they need to let the market work.