Has anyone paid attention to the craziness of the last couple of days?

One could probably make the case that the last couple of days signify a return to sanity.

I would view providing zero-down, no-doc loans to borrowers whose sole qualification was a pulse as craziness.

I’d view high-yield corporate debt without covenants as craziness.

Etc, etc.

A return to sanity is long overdue, unsettling as it may be.