I wonder if people are comparing this crisis to the dotcom burst…
The obvious difference being the form of the asset, it’s convertibility to liquidity, and there for the speed at which the correction will take place.
Stocks change hands in seconds, homes take months. That may explain some of the market volatility. Stocks were up 1% today on news that housing picked up. But it picked up in the single busiest month of the year, from one of the worst months we’ve had in a while. So what?
I don’t think the FED knows what it’s even supposed to do anymore.
