This is true for the majority of asset classes now. Stocks can't go down, the Fed will press buttons. Housing can't go down, the Fed will press buttons. The dollar can't go up, etc...
Yes, the government is so terrified of investors actually being affected by the risk they are supposed to be taking on that they are interfering massively in the process.
This is in no small part due to the fact that social safety nets are weak and collapsing prices mean terrible outcomes for retirees.
But it also, to me, demonstrates the unethical state of investment and wealth in this country, where the rich get richer without providing any risk-bearing service to the rest of the country.
