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It is so bullish...(that you almost get bearish)

SVB = LTCM?

LTCM was "bailed out" in Sep 1998. SPX bottomed out at 1000 and squeezed up to 1500 a year later. Very different set-up this time around as that time was the craziest part of the tech bubble, but at least a reminder that bail-outs do work and that anything is possible in the financial markets.

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