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A lot of commentary is missing that if you believe the Fed and Treasury will put a price floor on the market, for instances by providing liquidity to buy equiti
by AbrahamParangi 7y ago
A lot of commentary is missing that if you believe the Fed and Treasury will put a price floor on the market, for instances by providing liquidity to buy equities or even directly buying equities as proposed- then the EV (your expectation of future values) is heavily skewed upwards.
By analogy, the expectation of location for a random walk which has a floor at 0 is strictly positive and increases monotonically.