/biz/ - Business & Finance

>>19361549
>Fed's reaction was so swift and so large that it all but destroyed price discovery
Isn't the price discovery retardation just due to the credit bubble remaining in tact in people's perception?
>The fact that companies have cut forward guidance for the remainder of the year
kek I forgot about this. imagine being a Bull. What will happen if Q2 earnings don't say something like "y-y-yeah,only up from here!"

>>19361589
>That’s what I said.
yep, I was agreeing.
>No one knows if at any given time the market is too optimistic or pessimistic.
I think it's easy to tell right now. It will probably hurt being "wrong" for a while.
>massive amounts of cash on the sidelines in MMFs and treasuries and savings accounts
We should probably investigate this. I have a weird feeling there still isn't enough USD floating around and it's getting placed on the books in one place or another where resolving it is just a matter of the cash getting wiped away back to the originator.