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RE: Question: If Scott Minerd's prediction comes true

I'm still in my prime earning years, not a retired guy hoping to time the market and exit at its peak. So I don't think I'm going to benefit long term from government intervention to prop up the market in the short term.

The long term market trend is going to reflect the value of the companies traded there.

I don't like what the Fed is doing. If Re-Open America v1.0 turns out of be a success, then maybe the Fed made the right gamble. If Re-Open America v1.0 turns into a colossal failure and half the country goes into panic mode, the markets may tank no matter what the Fed has done. Trillions thrown at the problem for no net change.

Also, I'd rather see the assistance going to the parts of the economy that most need it.

I think it would be better for us overall if the Fed would concentrate on propping up small businesses. Let the banks lend to small businesses with easy terms and near-zero rates, and then package the loans up in securities for the Fed to buy.


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