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"Make no mistake, this too shall pass."
Motley Fool Money
Is There a Fed Put Under Equities?
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There is no such thing any more as a fed put underneath equities. The fed is primarily interested in inflation, and we are it somewhere around eight%. For the well structured, well financed companies, even though they have to go through the same valley of te the shadow of the valley of death, as everybody else,. It's good news that capital is more expensive, because that ultimately will remove less well healed, less well a financed competition from the mix.
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