Loading ...Definitely remember Greenspan flooding the market with liquidity before Y2K and then again after 9/11
Longs got crushed when he withdrew the liquidity and shorts got crushed after 9/11 when he flooded the markets with it again.
That’s why it’s always so funny to me to hear the pundits talk about the economy as if it matters to the markets. It might have mattered back in the 30’s or even in the 70’s but once we went off the gold standard the only thing that has ever mattered is liquidity. A lesson I wish I had learned prior to 2000.
Very difficult to call a top here. The Fed seems more than happy to provide liquidity whenever needed. We don’t need to look any further than the Repo markets for evidence.
The older I get, the less I know old friend.