If an investor has free cash to employ, they could simply buy what others were frantically dumping, regardless of their low prices and valuations.
Be cautious before getting too aggressive on the long side -- a strong opening could quickly fade.
I bought a small number of July puts on Bank of America, after the fall of Silicon Valley Bank. Here's why and why I don't necessarily hope it works.
The question now: Will the Fed need to be less aggressive with rate hikes to avoid more damage to the banking sector?
What is truly remarkable is how the bank's management did not see this coming.
The 1980s has savings and loans, the '90s have long-term capital management, and the 2000s had Enron and Lehman and now we have Silicon Valley Bank.
Let's look at the non-farm jobs report, the debt ceiling fear, uncertainty, and doubt in banks.
I doubt I am the only investor making a flight to quality move.
The troubles at SVB Financial once again raise the question of just how interlocking the financial system is.
The question becomes whether the problems at the parent of Silicon Valley Bank are more than just an isolated incident.