MacroVoices #323 David Rosenberg: The Fed Put Has Expired
Macro Voices
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The Stock Market Is Not Down 30 %
Historically, in recessions, the stock market is down 30 %. At forty 800, we were in a price bubble. And as they say, the higher they are, the harder they fall. But still, it means that the loaves in the market are far out there and far below where we are to day. People don't want to part with their beloved portfolio. You fall in love with your equity portfolio. Whele i was tojest, and, you know, a self called options against them, and buy some insurance of policy against what is likely to be a few further legs to this story.
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