OK, I’ll dial my tin hat to “neutral” ... + 0.1
Funny.
The fact is that this little statement proves that whatever response the government comes up with - excepting staying neutral - will simply exacerbate the situation.
They are essentially admitting that they don’t control the financial levers anymore. The world market is so sophisticated and large that we are essentially back to a pre-Fed period where whipsaw responses to the market were much more common.
Had they not shut down the market they actually don’t know what would have happened. They were speculating. It was a real panic (automatic and electronic - maybe), but did shutting it down make it worse or better? What if the market had cleared on Monday?
As bad as the whipsaw could be (it would literally wipe out malinvestment), the market would clear as recognized value and moved in. Sadly, the “stimulus” just continues the hurt. Like getting surgery one cut and one day at a time.
We live in interesting times.