What Did You Buy Today?

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(01-06-2021, 05:50 PM)Otter Wrote: The Fed does not buy securities directly, but when it injects trillions into the bond (including corporate and junk bond) markets, that allows investors who were upside-down on toxic paper to cash out without suffering the embarrassment of a loss on their risky investment, then put their money somewhere else. With interest rates at zero, that money goes into equities.

And house prices. It's nuts in bay area. House prices are going though the roof despite companies moving out of cali.