That, incidentally, is a reason to reserve commitment to the strength of any rally in this market. A couple of banks blowing up and a short term credit freeze is still relatively small in impact relative to things which might eliminate larger trust in the market itself... combine leverage and fraud in clearing functions that officially sanctioned counterfeiting of shares... differential treatment that turns "equal protection under the law" on its head... and interventions that pick winners and losers, apparently randomly... and you might expect that not all the bad news is fully out there yet.
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