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All these trillions that the government uses to pump the major market has a ripple effect throughout many different aspects of the market. It ends up adding liquidity for the industry, like the stock pumpers to do their dirty deeds. Why you get moves like $DWAC the other week.
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Back when those old trading books were written. You didn't have a Government that made the stock market their # 1 Priority. The U.S Government has 10's of Trillions of future tax payers money to use to Pump the market now. That's a real game changer.