For sure, but the panic was the problem. It could come back, but for now.....it's gone.
For the moment.
The problems; too much debt and too many zombie banks (TBTF) has actually gotten worse since last September.
And the panic is a symptom of the disease not the disease itself.
I like your tagline; being a math guy myself so I ask you this what is the real networth of Citigroup? My contention is no one really knows but it is probably less than zero
Tha manufactured panic to help get Obama elected? Short hedge funds plus a big player like China or the Saudis who moved $500 billion that freaked Bush out.
I think people need to be very wary. This fall is not looking good at all.