Never under estimate the utter cowardice of the general public, unless it's Race related or Transgender rights ofcourse.
Everytime I thought it was safe to go long an equity index for a long-term swing, the market dropped at least 10%. And I paid the price by exiting when I thought we'd finally have that uber bear market where we drop, and stay there for a couple of years.
I miss those days of believing in the long side with abandon. :-(
Yes, and we just had an glaring instance of public cowardice with the lockdown, hard to see them running in front of guns when they are willing to lock themselves and their family in because of a midly dangerous virus.
Not that I wish a revolution btw, blessed be the central banks at the moment if u ask me.
title should be :
Fed moved the market ..... again and again!!!
when market is over heated, fed will cool it down.
when market is under heated, fed will heat it up.
Fed is like a thermostat.