2 ms·
>> It is a bet on the continued support of the market by the Fed. Pretty much this. The Fed is backstopping losses. Betting against them post-2008 is a tough p
by icelancer 7y ago
>> It is a bet on the continued support of the market by the Fed.
Pretty much this. The Fed is backstopping losses. Betting against them post-2008 is a tough position to be in.