Fed buying stocks

The fed is not allowed to buy US equities as that would violate the Federal Reserve act.

They have already violated the act several times in the last couple months but who so going to do anything about it? Be careful out there.

Also you can bet your ass they’re buying stocks indirectly using dark pools and proxies

Holy shit - I had not looked today - my beloved Facebook is down over 8% today - and Google down over 5%

Overreaction imo I should have picked some up today. Nobody going to give a flying fuck by mid next month

didn't trump do some kind of stock manipulation during the late 90's?

"... Overreaction imo I should have picked some up today. Nobody going to give a flying fuck by mid next month ..."

I hope so - I actually bought some FB on Wed when it was down -3.5% and it had bounced back on Thursday so I thought I took advantage of a little-dip - but after today's fall I was 2nd-guessing myself - I am concerned the current cancel-culture may increase against FB; and it would suck for FB to have to give in to these liberal-terrorists that want to define/determine what free-speech can be.

Here's the real kick in the nuts: the Fed has announced they're gonna buy corporate bonds directly. We don't get to know the companies, so I'm sure this is on the up-and-up. And once those companies shit the bed, that's gonna translate into ownership since creditors pick the bones in bankruptcy proceedings.

There is cancel culture and all that, but the bottom line is Facebook ads are far more effective that any other ad services online. Once things start picking up they'll be back. That and they're arguably the best-positioned VR company right now.

And yeah, the day they announced that bond bullshit was the day I got out of all my short positions. They will keep this going because they're hiding something majorly fundamentally wrong with the market. My conspiracy theory is ETFs are fucking everything up due to the wat new shares are created and redeemed. ETFs have really accelerated this bubble IMO.

The fed is tricky and into playing politics I think. The fed was buying overall back in March but now and next week they will be net sellers since they are letting billions in certain funds expire without renewing purchases. I think it is manipulated and likely causing a correction to spur Senior officials to act on more stimulus. I've lost a lot in recent sell offs. The fed doesn't have my back.

The fed has been buying bonds so that could help me if I refinance.