$BKX Banking Index – Update
The reaction rally has been remarkable.
Note $BKX price currently kissing the down-trending 8 month SMA.
The banks are in big trouble, despite the second great bailout by the taxpayers again, with an insolvency crisis developing over the next few months, as ALL private sector businesses have shut down, or will have insufficient cash-flow to service debt.
The global economy is a controlled demolition event, by government technocrats and other useful idiots, such as the main stream media.
Insolvency crisis dead ahead.