Have the record number of investors in the stock market lost their minds?

Re:Have the record number of investors in the stock market l... by cwhiz on Saturday May 16, 2020 @03:29PM (#23206478)

The fed is legally barred from directly lending to businesses or households except for in an emergency where they can do virtually anything they want.

Congress authorizes $300 billion in direct checks to consumers. The remaining $2.7 trillion went to businesses.

The fed has separately printed several trillion dollars lending to businesses, buying corporate bonds, and other actions.

What should the stock market be at right now? Who knows. We have no way to know because we won’t allow the market to tank.

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Re:Have the record number of investors in the stock market l... by mrep on Saturday May 16, 2020 @05:49PM (#23207498)

> The remaining $2.7 trillion went to businesses.

Nope (and the total bill was 2.1 trillion not 3 trillion): https://en.wikipedia.org/wiki/Coronavirus_Aid,_Relief,_and_E...

> The fed has separately printed several trillion dollars lending to businesses, buying corporate bonds, and other actions.

Also not even remotely true, they are predominately buying U.S. Treasury securities and Mortgage-backed securities: https://www.federalreserve.gov/releases/h41/current/h41.htm

Got any sources to back up your claims?

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