“Wall St. is less trustworthy than Atlantic City’s casinos during Obama’s reign”
The dumb money (like your 401K) is going down with the ship.
Little guys at first, like ETFs and mutuals.
The final act will be pension funds across the nation suddenly, all at once, realizing they are toast. That will probably occur in one, horrific 24 hour (or less) event ending in indefinite market suspension and bank holiday.
There is no faith left in the markets, the liquidity is fast drying up, and the people in the know are running for the exits.
Right. This could easily perpetrate a run on the stock market, followed by a run on the banks. Unless FedGov gives some sign that investors aren't risking all customer funds in accounts.