mlsoft
I don't have a problem with the Fed creating liquidity. That is their job. I do have a problem with them deciding where that money ends up - as in, say, the stock market vs. savings. In a free market, that is the job of the market itself. I don't believe the Fed intervenes by directly buying stocks. But I think they aid and abet large market makers like Goldman, although I am not sure of the mechanism (do you have any ideas?)
Like you, I am very bearish on stocks longer term. However, I went slightly long several weeks ago...why fight the trend? But I'm nervous with my longs. This will all end badly. The recent intervention must, by definition, be reversed at some point. And then we will be left with nothing but the fundamentals.
Happy TG, and best of luck to you.
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