If only Groucho were alive today. "That's what I thought would save me and if you look at the charts you think it would have...but 'jumping anaconda!' it didn't!"
The psychology that prevents people from getting out of their debts or over-leveraged investments is stronger and more deadly than the psychology that got them in them to begin with.
There are so many single points of potential failure, like the Fed becoming THE world's ONLY REAL money market fund. One day people will wake to a market turned off by various circuit breakers. It will make history. There will be war.
I like to spread joy and optimism wherever I go.