What’s the deal with May 11th? What happens then?
The way this guy is talking, we’re gonna see blood in the streets.
Several things happening around that time that might trigger a bank run. But no one knows for sure when something like that may if ever occur. Better safe than sorry for not taking a few precautions though.
This is all I could find:
He said that stress test results come out sometime during the week of May 4, so he assumed they would actually be released late on that Friday, which is actually the 8th...Monday, the 11th would be the first time the markets opened up after getting the bad news.