... then suddenly.

Ugg……🥴

Big price depreciations were fast though...

Isn't is wild that a bank can "fail"... based on the traditional iteration of what a bank was - a secure place to hold your gold/wealth?!

Banks simply take your money as a super low interest loan deposit, and the turn around and lend it out. Unsecured loans.

Usually big wars meant the end of an era, and start of something new, e.g.: WWII.

And most wars started as "short wars" 😅

But sir yellen told me it was super sound

I had to shake a few of my day trading friends back to reality about the bank failures. I told them I refused to believe that banks going bust marked the beginning of a new bull cycle. It's the beginning of the crash.