/biz/ - Business & Finance

>>19735308
Let's just take a step back for a second and try to divine Powell's logic:
>Stocks off only ~5% from ATH after one of the fastest, most insane recoveries in market history
>States reopening
>No surge in cases, 2nd wave looking less and less likely
>P/E Multiples at historic highs indicating market is significantly overbought
...and the guy decides to take the nuclear option to prop up equity/debt markets? What the fuck is this man doing? Yes I am a bear, yes I'm gay and retarded and betting against America, but what the fuck was this guy thinking? What does he know, and what is he going to say at 10AM tomorrow?
If the past three months have taught me anything, it's that I'm certainly not the smartest person to ever live, but it seems to me that there is an absurd disconnect between Powell's actions and the facts on the ground as we know them. This was an incredibly drastic move on the Fed's part; are they trying to frontrun something horrible here?

>>19687356
I DRINK YOUR GAINS BITCH SCHLOP SCHLOP SCHLOP SCHLOP