Another reason why we are in a "New Paradigm" for the stock market?
The FED.
The FED was never like this before.
This FED is so into Pumping up the stock market so to transfer wealth from the government to the rich.
No FED was ever like this one.
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There’s also a lot more people holding stocks now. It’s in their interest to hold it up. If they let it drop, something like 60% of people would lose money and confidence in the market.