Unlimited QE

"Those are not Mulligan's mortars anymore. Those are German eighty-eights!"
--Little Joe (Kelly's Heroes)

With bonds tanking and credit spreads blowing out, the Fed has announced several new programs with alphabet soup titles reminiscent of 2008 aimed at 'supporting the economy.' These programs amount to unlimited QE with the twist that corporate bonds, including bond ETFs, are fair game this time around.

This is monetization of debt like we have never seen before.

Inquiring minds wonder when the scope of Fed buys will be extended to stocks.