The problem is - it didn't reassure investors as they've had 10 years of knowing that whatever The Fed 'creates' is simply money-printed delusion that does not reflect any real economic progress.

Fed announces unlimited QE and sets up several new lending programs pic.twitter.com/PXjedWTBcx

— MONETARY MAYHEM™ (@MONETARY_MAYHEM) March 23, 2020

Stocks knee-jerked higher thanks to their conditioned behavior - but that did not last as a rally is the last thing we need to force Washington to vote for the bailout bill, and stocks fell...