More liquidity means more 不安定 on 塀で囲む Street
A flood of liquidity in the wake of accommodative 通貨の 政策 is changing 塀で囲む Street
The 崩壊（する） of the Archegos 基金 is only the most 最近の example of how extreme liquidity can make 財政上の markets more volatile and いつかs lead to bizarre 結果s.
Another 劇の instance （機の）カム in late January, when 株 of GameStop suddenly 急上昇するd に引き続いて a buying frenzy 連係させた by 小売 投資家s eager to defend the ビデオ game retailer from 基金s betting against the company.
株 of GameStop have since 退却／保養地d, but the episode 向こうずねd an uncomfortable light on online 貿易（する）ing 壇・綱領・公約s and 思索的な 投資 基金s 伴う／関わるd in the 財政上の melee.
In the 事例／患者 of Archegos, 主要な banks appear 均衡を保った for hefty losses に引き続いて billions of dollars in sudden 在庫／株 liquidations by a 基金 that had large market （危険などに）さらす 支援するd by very little cash.
Then there has been the wave of SPACs (special 目的 取得／買収 companies), which have entered public markets through 処理／取引s with より小数の 支配するs than 伝統的な 在庫／株 offerings.
All of these 事例／患者s show how a flood of liquidity in the wake of accommodative 通貨の 政策 is changing 塀で囲む Street.
"在庫／株s have risen 極端に quickly from their lows last March, but there is still plenty of liquidity out there," said Gregori Volokhine of Meeschaert 財政上の Services.
The 連邦の Reserve has been 積極的な in pumping 基金s into the 財政上の system. Also, both 大統領 Joe Biden and 前任者 Donald Trump 調印するd 広範囲にわたる 会計の 一括s that primed 世帯s and 商売／仕事s with 基金s.
"I just don't know that we've seen this much money 攻撃する，衝突する the system this 急速な／放蕩な between what we've seen in 刺激 checks and now what we're going to see with 組織／基盤／下部構造," said TD Ameritrade market strategist JJ Kinahan, alluding to Biden's just-introduced $2 一兆 組織／基盤／下部構造 計画（する）.
Some of the volatility is also the result of 投資家s trying to navigate 転換s in the market as the economy 回復するs with more people vaccinated and 科学（工学）技術 株 that 栄えるd during lockdowns lose some of their luster.
"企業ing 投資家s know they need to find other 乗り物s besides ソフトウェア, social 網状組織s and e-商業 在庫／株s," Volokhine said. "They're looking for ways to make more money."
Kinahan said implosions like Archegos can happen when 基金s are "looking to differentiate their returns, which is harder do in a bull market."
- New 規則? -
The churn in the market is 誘発するing talk of more 財政上の 規則. In the wake of GameStop, 国会議員s have 取調べ／厳しく尋問するd online 貿易（する）ing 壇・綱領・公約 Robinhood over its moves to 一時的に 制限する 貿易（する）ing まっただ中に the frenzy.
Robinhood, which itself 計画（する）s to go public, has also been questioned about its 関係s with hedge 基金s that do 商売／仕事 with it.
The Archegos debacle has 焦点（を合わせる）d 審議 on 交換（する）s, derivative 処理／取引s that can 許す big, high-危険 bets with small upfront 支払い（額）s.
The opacity of the 交換（する）s market makes it a prime 候補者 for new 支配するs from the 安全s and 交流 （売買）手数料，委託（する）／委員会／権限, Volokhine said.
"The SEC could move quickly to 軍隊 banks to 公表する／暴露する more about 交換（する）s," he said. "権利 now, there isn't much transparency."
