This can all explode very quickly…

This can all explode very quickly.

I call it the "Bank run domination" trade.

aka. No way out. pic.twitter.com/68AAk5yqGP

— Mac10 (@SuburbanDrone) May 10, 2023

This long-term view shows what happens when financial conditions actually tighten: we see the Financial Crisis, the Euro Debt crisis in 2011/2012, the the oil bust, and the spike in March 2020

Consider consumer delinquencies versus the unemployment rate compared to the pandemic. https://t.co/AlZerdRypv

And bulls are praying for a recession. pic.twitter.com/gHCs5qStro

— Mac10 (@SuburbanDrone) May 14, 2023

I never thought I would have to explain why a bank meltdown is not a buying opportunity.

FDIC policy is to wipe out all shareholders.

Which means banks can't be owned. pic.twitter.com/Ne5TPqs4BR

— Mac10 (@SuburbanDrone) May 14, 2023

One year later, bulls are falling for another hype bubble.

Artificial intelligence is an act of desperation.

At least it's named appropriately. pic.twitter.com/6woDAC5tR1

— Mac10 (@SuburbanDrone) May 14, 2023

h/t BoatSurfer600