Opendoor Technologies Inc (OPEN)

[santafe2]

This problem is more like the 1970s than 2008. The banking problems, so far, have been related to big money yanking their cash out quickly and putting the banks in a position where they have to sell fixed rate assets at a loss. I've not seen anyone talking about Schwab but their bank is in terrible shape. Any bank that bet heavily on near zero overnight rates as a long term strategy is in trouble now that rates are near 5%.

As I posted on another board, I sold all of my stocks and went to 80% fixed income, only holding on to 20% preferred shares when the market opened last Monday. So I'm skeptical that we can get through this without a recession but I don't think it's anything like 2008. Of course we could default on our federal debt this summer and things could rapidly get worse. Let's hope that doesn't happen.