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Did The Federal Reserve Just Back Down? | Joseph Wang

Inflection Point

00:00

The Psychology of the Stock Market

The Fed is really trying to turn an enormous barge, which is sort of the psychology of the entire market. And if we ever want to change that attitude, it's going to have to be a period where it doesn't work. I'm not just talking about one year like last year, but maybe a more extended period of time. The Nikkei is going up every single day. It happened in the late 1990s as well. But when you keep going up, usually you also can go down really rapidly.

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