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MarketWatch/Shawn Langlois/8-1-2020
“Investors are being infantilized by the relentless Federal Reserve activity. It’s as if the Fed considers them foolish children, unable to rationally set the prices of securities so it must intervene. When the market has a tantrum, the benevolent Fed has a soothing yet enabling response.” – Seth Klarman, Blaupost Group
USAGOLD note: A plea to let the market be the market ……