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  • bee October 2020
  • Mark October 2020
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Jesse Livermore – Upside Down Markets – Understanding Fiscal and Monetary Policy

beebee
edited October 2020 in Other Investing
We seek to answer the simple question: against a horrible economic backdrop, how can the stock market be near all-time highs? Jesse explains in detail the impact that fiscal policy has had on the market and may have in the future.
jesse-livermore-upside-down-markets-understanding-fiscal-and-monetary-policy-invest-like-the-best

Comments

  • beebee
    Research Paper:
    An upside-down market is a market in which good news functions as bad news and bad news functions as good news. The force that turns markets upside-down is policy. News, good or bad, triggers a countervailing policy response with effects that outweigh the original implications of the news itself.
    Upside-Down Markets: Profits, Inflation and Equity Valuation in Fiscal Policy Regimes
  • MarkMark
    "Research Paper:

    An upside-down market is a market in which good news functions as bad news and bad news functions as good news. The force that turns markets upside-down is policy. News, good or bad, triggers a countervailing policy response with effects that outweigh the original implications of the news itself."

    So it's almost exactly like politics then.
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