Stock investors expect the Fed to save them. But no ‘Warsh put’ is coming.

Investors are banking on the Federal Reserve to step in and save their portfolios during market downturns, but this expectation is misplaced. History shows that the Fed's actions during the dot-com crash, under Alan Greenspan, were rule-based rather than tailored to protect individual investors. This misconception could lead to further market volatility as people wrongly assume the Fed will act as a safety net in future crises. Understanding this context is crucial for investors to make more informed decisions and avoid being overly reliant on central bank interventions.