
When Policymakers Start Panicking, Markets Stop
BofA's Hartnett: Since the 2008 global financial crisis, easy policies have quickly reversed all Wall Street bear markets and pullbacks. In this context, the S&P 500 Index was "oversold," falling only 4%, ultimately leading to a ceasefire. In fact, the stock market has become "too big to fail."
BofA's Hartnett:
Since the 2008 global financial crisis, loose policies have quickly reversed all of Wall Street's bear markets and pullbacks.
In this context, the S&P 500 Index was "oversold," falling only 4%, ultimately leading to a ceasefire statement. In fact, the stock market has become "too big to fail."

