@downtownjoshbrown Thanks for sharing! A big chunk of today’s intelligentsia / commentariat graduated college after 2010, and wasn’t in the workforce during the Great Recession, so the muscle memory doesn’t exist.

@downtownjoshbrown Good advice. I like that you bring up the idea of conversion of commercial to residential. Certainly, would be great if the advice was taken to heart here out on the left coast. Zoning is a big part of our issues with affordability.

@downtownjoshbrown Is history rhyming? I looked up the S and P 500 level when WAMU went into receivership on September 28th 2008. The peak of the market was in October 2007 at over 2200. By September of 2008 the S and P 500 was ~ 1600 - 27% off the peak (the graph I am using only has monthly data points) . After WAMU, the S and P went down to about 1000 in Feb of 2009. Another ~27% drop.
Does SVB bring us into phase 2 of the Bear Market?