The Fed is going nuts trying to contain this.
Holy moly, that’s fast. Too fast. Desperate Fed rolls out biggest bazooka yet.
Of immediate concern is how much cash Boeing is burning due to the 737 MAX fiasco and now the coronavirus, and how much cash it can pile up to avoid a liquidity crisis.
Hard to feel sorry for the victims of these hilariously obvious pump-and-dump schemes, but they sure got their pockets cleaned out.
At first, banks leveraged the repo market to force the Fed to ease liquidity & capital rules; now they leverage the coronavirus. Whatever it takes.
Wow, what a day, what a week, what a 15-minute spike at the end!
Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines.
The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
Funds have invested in PE due to its Madoff-like volatility profile. Ironically, they forgot that this led to a collapse.
“It is a mind-numbing exercise for investors who see the cognitive dissonance”: CIO at Guggenheim Partners.