Banking Liquidity

I said in one of these prior banking bottom calls by the clowns on Wall Street that one of the things I model is banking liquidity and there were no signs of any bottom. Do we need any more evidence? State Street has dropped from $65 to $30 today. Quantitative data trumps clownish opinion all day long.

Update: Oops, the just UK banned short selling and now the financials turned on a dime. Of course, short selling isn't the problem so banning it really accomplishes nothing longer term. Although, there appears to be a tremendous amount of naked short selling, which is illegal and may contribute to manipulation shorter term. But, that should be no surprise. Your government helped create this environment.