RE:RE:Cathie Wood is really pisssed at the FEDVery good dialogue here again today. It should make anybody uncomfortable. It
certainly makes me but then I have been feeling that way since the Fed has stated
their intentions and keeps reinforcing their warnings on a consitent basis.
I am in total agreement with Cathies remarks. The Fed is going to commit a huge
mistake by overshooting. Using a cure that will not only kill the disease but kill the
patient has been my thesis all along. I think this is going to be an unmitigated disaster and a collosal mistake. I believe the fallout from their policy will echo the 08-09
financial crisis in severity. Foreclosures, bankrupticies, loan defaults and defaults
in the derrivative markets are the consequences of escalating Fed tightening.
Others will have differring opinions as to the severity of the damage that will result
of the Feds actions but I couldn't be more onside with Experience in having a decent
plan in place for your investments. Capital is precious and this is no time to be
dithering and delaying because you're not sure what to do. No matter what I think
of the Fed and its actions, they've made themselves crystal clear. I am moving to
more cash and will continue to exit positions.