August 27, 2022

Friday wasn't funny - the market crashed

 The Fed made sure yesterday was not a funny Friday. It wasn't fun, in fact it was a borderline panic.

Jerome "too little, too late" Powell crashed the DJIA and the S&P by becoming agressive.  If they had started doing this 2 years ago, like many of us suggested, it might have been less of a disruptive shock.  As it is, it's a relaity check for an irrationally exuberant market.

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