Pervasive Bearishness Looks To Be Unwarranted
Silicon Valley Bank, itself, is starting to emerge as a blip, rather than another Lehman Brothers moment.
From CNBC to Twitter to Bloomberg News, the “panic” message has no shortage of amplifiers. “Ackman Concerned About ‘Contagion Risk’ Spiraling Out of Control,” was a Bill Ackman tweet today about a Bloomberg article about an Ackman tweet, an example of the sort of echo chamber that has been dominating the discourse since the run by depositors of Silicon Valley Bank.
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