CBs Buyin' 'Em

It's time we stop
Hey, what's that sound
Everybody look what's going down
--Buffalo Springfield

A veteran trader thinks the Fed and other central banks are buying stocks. These pages have been considering this possibility via discussion of non-economic buyers and stock pools.

Of course, in some countries, stock buying by CBs is legal. Bank of Japan, for example, recently announced that it would be increasing its position in equities.

In the US, however, it is against the law for the Federal Reserve to buy stocks.

What I wonder is, if it was revealed that the Fed was indeed buyin' 'em, would there be public outcry?

Or might there instead be public support for Fed activities designed to goose stocks higher?

position in SPX