Comments come from Mark Fisher, founder and CEO of MBF Clearing Corp., a large futures commission merchant (FCM)
He was interviewed on CBNC on Thursday.
- "There used to be the Greenspan put to the equity markets. I think there's a Saudi puts in the energy markets, to some degree,"
- adding that the floor could be around $75 top $80 a barrel
Crude-oil prices could rise above $100 a barrel due to global supply shortages
when it appeared the Federal Reserve was ready to backstop equities on signs of weakness by cutting interest rates, the so-called "Greenspan put."
A Futures Commission Merchant (FCM)] is an individual or organization that does both of the following:
- Solicits or accepts orders to buy or sell futures contracts or options on futures,
- and Accepts money or other assets from customers to support such orders.
As for the "Greenspan put", this refers to perceptions that the Federal Reserve was ready to backstop equities on signs of weakness by cutting interest rates.