>> It is a bet on the continued support of the market by the Fed. Pretty much th... | Hacker News

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icelancer on April 29, 2020 | parent | context | favorite | on: U.S. Economy Shrinks at 4.8% Pace, Signaling Start...

>> It is a bet on the continued support of the market by the Fed.

Pretty much this. The Fed is backstopping losses. Betting against them post-2008 is a tough position to be in.

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