[HeartlandOfAmerica]

lol. Point taken. We'll see though.

Markets are panicking already. 24 hours from now it's gonna be even worse. By the time the week is out and the top 5-10 banks report their earnings, it can be even worse.

The markets don't only work by numbers. They also work by mob psychology.

And the sheep are gonna stampede methinks.

[Travis McGee]

“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.” ~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen