Stock Market is panicking right now - any "assistance" given to them (such as the Fed dropping interest rates on a Sunday) is seen as a sign of weakness.
Panic begets panic.. let us not panic. The world is not ending...
Unfortunately the Fed, who is supposedly the experts, the ones with a steady hand on the wheel...are basically screaming “we’re all going to die!”.
Three / four weeks ago the Fed was saying "steady as she goes". Then a cut and now this. Doesn't inspire confidence that such drastic actions are needed. They may have just spooked the markets.
Can the government own private corporations?
Can the government own private corporations?
Didn't they own GM for a bit?
Are the futures markets really good at predicting tomorrow’s close? Or are they just an ephemeral whiff of fear?
Japanese central bank has been buying equities for decades.. not unprecedented.
Owned or bailed out? Not sure. You might be right.
I meant our government.
I think they owned shares and sold the last of them in 2013:
https://www.usatoday.com/story/money/cars/2013/12/09/government-treasury-gm-general-motors-tarp-bailout-exit-sale/3925515/
The levels matter, but the direction is also important. A negative, but ascending value is different than a negative descending or flat level. They are only good at predicting the open.
40% of companies listed lost money last year, FED is going to have to do some real buying to hold the market up, Nobel theory of random walk demands it!! Perhaps the FED could institute negative dividends as a means to pay for the program.
Was it 40% of companies by market cap or just 40% of the total number of companies? I know the S&P500 was getting very heavily weighted in tech, which was kind of rolling in the money in 2019.
Can the government own private corporations?