Hector #90:

Putting aside your “soon” and “short term” qualifiers, why would the markets necessarily go up vs stay flat at the bottom? A certain amount of private capital is risk tolerant and will be available to the markets no matter what. The vast majority of private capital however, is risk sensitive and gov’t policy can have a huge effect on that as we are seeing now. If the feds continue inserting themselves in the private markets you can expect to see an acceleration of fleeing capital and further erosion of the markets.

There is a theoretical point where policy and markets balance, but we won’t see it any time soon if this admin continues to prevaricate. But, they are prevaricating because they KNOW how the markets are going to react to their true intentions, so they are dribbling out details, obfuscating and outright lying. We ain’t seen nothing yet IMO.