I have never gone to masters nats because I just don’t value it, bit I would be curious to go and meet you guys for beers🍻 —but alas, I will likely be out of the country.
After clawing back some of its prior losses yesterday, the market looks set for a major tanking today.
Of course the ppt knows this, and is prepared and will be very active when it counts.
I have gotten the feeling several times during this recent series of events that there have been a few times that would have been “the big one” were it not for intervention.
I still don’t know if this is good policy or not. It is keeping afloat things which would otherwise sink, it is preserving some dead wood, and it is blunting market effects. It’s like putting a manic depressive on SSRI’s. But otoh good businesses should not have their value decimated by the panicked sentiment of fickle investors.
I get the sense that there is dead wood that needs to be cleared in a brush fire.