There is really nothing to say. I firmly believed that the feds would do whatever was necessary - and they had unlimited funds - and that has not worked in any fashion.
Fed's opened up a $1.5 TRILLION dollar REPO operation to support bonds today - and it didn't even slow the market drop down!
www.zerohedge.com/ma...ake-sparking-selloff
Fed's opened up a $1.5 TRILLION dollar REPO operation to support bonds today - and it didn't even slow the market drop down!
www.zerohedge.com/ma...ake-sparking-selloff
- Trust is finished - if this ever comes back people getting out will never come back to the market again
- The United States is only beginning to shut down - once the full shut down begins another 40-50% drop could be realized.
- Goods will not be delivered. Productivity is collapsing
- A Great Depression that last 10 years is reasonable