SPDR S&P 500 (SPY)

[fitzwell11]

That’s the beauty of America, we all get to have opinions and trade accordingly. The can’t fight the Fed crowd vs the fundamentalists.

One major point of contention is that being early does not = negative points. Positioning often takes time, so unless you are perfect on your entries and exits, I’d think you’d understand that as well. Look at the story of Michael Burry in 2005-2009 for reference.

The Fed has been intervening (both in disclosed and undisclosed ways) for nearly a century, so why do markets ever crash? Particularly, the Fed was unleashing endless amounts of repo since September, yet that didn’t prevent a 35% correction. Sure, it was obvious at some point that there had to be a bounce. That was the steepest correction in market history. Indeed many of us covered on the way down and have been waiting for Dow 25,000 as a topping to re-enter. It’s great to make money on both sides. But if people honestly think FANG stocks getting liquidity pumps = the economy saved, depression averted, then I have some real concerns about the American understanding of economics.