Investors' Belief in Fed Safety Net Misreads History, 'Greenspan Put' Was a Myth

Wall Street investors mistakenly believe the Federal Reserve will always intervene to save markets, a concept often referred to as the 'Fed put'. However, analysis suggests that the 'Greenspan put' during the dot-com crash was a misinterpretation, as Alan Greenspan was following established rules rather than actively bailing out portfolios.