I worked in the industry during the GFC and watched markets getting ravaged across multiple asset classes. The article that I am sharing dwarfs the GFC in terms of scale and meanwhile, we have retail investors leading the FOMO and buy dip charge, gorging at the stock markets with no regards for fundamentals. You may dismiss me as a permabear for all you want but ignore this risk at your own peril.
https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/
https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/