We need to focus on the sector that went through a burst. It might not be a good idea to expect a repeat of history of NASDAQ today to wait for a deeper crush, as it did after its 2001 bounce.

The KBW Bank Index BKX has fallen 85% from its high to its low reached in early March.

For comparison, the Nasdaq fell 77% top to bottom after the Tech Bubble collapsed while the Dow fell 89% during the Depression.