ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: roto who wrote (53592)	3/4/2022 5:04:37 PM
From: ajtj99	4 Recommendations Read Replies (1) of 97353

If I recall correctly, the Fed rescued LTCM via the banks on Sept 23, 1998, and did a surprise 25bp rate cut on op-ex in October 1998 to help make the banks whole via an equity rally. Having the global reserve currency gives you that kind of leeway.

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