This is not a bailout (Yeah, right!)
- Thread starter schizo
- Start date
No need to close markets unless you mean close markets because of the free fall the markets are going to endure due to the pandemic and the possibility of shutting down an entire nation.....
So that means a total free fall in stocks.. a drop of 50% or more is not out of question
Yes no point to trade during panic. Close market for a month to let dust settle
And chance to punish shorts
Anyway half of population might need some sort of welfare soon. Job loses during great depression will appear mild
Market would never close for a month. Maybe a week but never a month...if it closes for a month that would mean an entire world at standstill. GDP would go completely negative for a year or more...there is no way they would shut down the markets for an entire month.
have you ever thought Italy will shut down for a month?
Or travel to Europe will be banned?
Or markets will be down 25% in 10 days?
They will do whatever they think is needed. Give them several days. Next week you will see very angry Fed. They will print tens of trillions
They can print as much as they want, only way they know how to prop up equities is with the printing press. Pathetic and unrealistic!!!
The rumor is that they are printing to prevent a credit freeze right now. Look at the repo operations both overnight and longer term. 600 billion in the last 5 days.
Doubt it will help. Rest of the world will continue trading. It would just mean more pain for the financial industry, last thing that is needed.
The rumor is that they are printing to prevent a credit freeze right now. Look at the repo operations both overnight and longer term. 600 billion in the last 5 days.
This isnt new news, this has been going since last year, what is new news is the amount they are pumping into the overnight repo market.
This shows you once again how fuxked the financial well being of the country is. It's once again the issue of too big too fail. Remember those stress tests they did, that was all fuxking make believe. Also amazes me that once again we aren't having the free markets dictate where the markets are supposed to go, but rather manipulate the marketplace to the point where they cannot sustain themselves as they will always need fed intervention!!!!