Hi Richard,
If the Fed through its proxies, is willing to buy equities in any quantity, at any price, I can’t understand how it is possible for the market to fall any further than they want it to fall.
Could you (or Rick) explain ?
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Regarding the Money from Heaven Loans:
A friend who is retired, but still holds stock in his company told me Friday that his partner just raced down to the bank to sign papers to suck at this money fountain.
He said there were well over a hundred applications in front of him when he got there. Everyone expects that the loan will be forgiven.