Kohler stayed bearish at the lows. He was advising retirees to sell their banks at that point, and they were acting on it. "the banks are stuffed" was one of his headlines right at the low.
Things were so cheap they couldn't stay that way if it wasn't doomsday. As for this point in time, all the head and shoulders BS from last week should now fade into history hopefully. Still tons of cash ready and waiting for when the fear decreases.
