The Fed. WILL AGAIN Buy Stocks And ETF's To Prop Up The Market.
From Greg M
In September of 2020, the Federal Reserve bought $8.7 Billion dollars of ETF’s (exchange traded funds) while nobody was watching. Moreover, the Fed. AT ITS OWN DISCRETION, does participate in the buying of individual stocks/companies- (despite its claims to the contrary). The Federal Reserve will “stabilize” the equity market via ANY MEANS.
This is a headline from Sept. 21 2020.
It might not be enough. If they could have stopped the dotcom crash or the 2008 crash, don't you think they would have? Whatever they do will only slow things down. You even hinted at this in your book - the politics of money, Greg.
8.7 billion ? It won't make a dent even in one stock like apple .. forget about dow or any index
This is fake news. Please note apple alone is worth 3 trillions plus That must be some internet prank