????The Market is On the edge of the Abyss -- Meltdown before Xmas !! The whole system is an abomination . It used to be that the Fed was there for short term liquidity issues because banks lend long term and borrow short term. THEN, the Fed started micromanaging the economy and the stock market. Then they became the liquidity spigot for Wall Street. QE to save the system, in 2009. QE to save the all time highs in the stock market , in 2019 and record employment . Same medicine for diametrically opposite conditions. Now, how can that be?...
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