It seems like we've reached the tipping point where the market participants realize that Goldilocks stole her grandfather's credit card. Apparently she bought first bought some LSD, hallucinated about a new financial scheme--a pyramid of sorts of derivatives wrapped around derivatives presumably lessening risk by spreading it out--found a way to sell it to investors eager for return. She then bought some Ecstasy and invited all of her friends to a Rave party to end all rave parties. Seems like the party is now over.
For the record, I've no personal experience, direct or indirect with LSD or Ecstasy.
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