Of a Modern Fed Put
VOL. II.
Shall we speak of strange talismans cobbled in past,
As we mortals worry, will our fortunes last?
Will the Fed Put soon prove wrong all the bears,
To ignite returns and quell their fears?
Swirling eddies and waves that ascend and decline,
And of markets ancient, brace for stormy time,
But hope still lingers, bleak lighthouses burn,
That the Fed Put will make its triumphant return.
For like the mangled Monster, limbs thought laid to rest,
The magical Put waits for a chance to impress,
To rise once more from its slumbering state,
And breathe new life into market's fate?
And while whispers are heard, no Put is that strong!
Still investors hold on, determined and long,
For they say that like the monster's rebirth,
The Fed Put's return will bring new worth.
As markets yearn for the Fed’s next call,
Behold Gallin’s pen, with each inky scrawl,
For a landing to guide from his steady hand,
To help them weather, or just understand.
Sail on my friends, sail tight and fast,
As you wait for the banker’s elec-trickery to be cast,
And will Victor’s Monster in future arise,
To maybe find wealth under bull market's skies?
Mike Ganon, February 2023