Senior member
2,536 254
Last night's speech by Fed Governor Susan Schmidt Bies warned investors not to react to a 1% Fed Funds rate by taking undue risks with credit spreads and duration plays, especially near to turns in "business and interest rate cycles"... She didn't mention leverage, but it's right there between the lines.


Experienced member
1,071 3
I remember the Fed pleading traders not to short stocks after 9/11. Did I listen? Of course not - that was my signal to short as much as I could!
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