The Fed used all of its bazooka while the fiscal bazooka isn't even loaded yet. & the news about the spread of the virus contagion are today even worse. So with news being awful & the right fiscal response still MIA/AWOL expect another day when US equities could fall round 10%
@Nouriel Truly amazing how inept our leaders are. @senatemajldr takes a three day weekend? With no fiscal response in place? What a joke. Imagine the turtles big donors screamed at him all weekend so he'll come in ready to sign as the world melts.
@Nouriel Fiscal stimulus is in hands of congress and politicians . Difficult to speed it up.
@Nouriel Fed needs to support the Stock Market!!! Many of Feds’ pals didn’t see the crash coming. Many lost big big money.
@Nouriel I always thought that “Dr Doom” was unfair and plain silly, expert’s advise is exactly what we need at this trying times. “Dr Doom of the Trumpian Boom” perhaps ?
@Nouriel I do not think it was a bazooka, it was all it had, but at this point it was not enough!