Yeah today seems like classic panic sell flushout. Bet some people get rich off of calls this week.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
CPI tomorrow. ?
Broken024
Member
I went mostly cash on Friday (except 401k). Think I'm just going to chill for a while. Fidelity is paying 4.2% on my cash balance.
You guys should probably go all in.
You guys should probably go all in.
severestorm
Member
Do they cut and cause more inflation or hike and crash the market? What a tangled web the FED is weaving. Either way, the consumer doesn't win. Sucks we have a trade deficit that's so far in the negative right now, because that would be a tool to get out of this.
severestorm
Member
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Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud
SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, "particularly susceptible" to a bank run.
VegasEagle
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NCSNOW
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'This is the perfect storm': Rich Dad, Poor Dad author who tipped Lehman Brothers collapse predicts Credit Suisse to be next major bank failure and warns of 'serious trouble' for U.S. bond market
- Robert Kiyosaki - author of Rich Dad Poor Dad, infamously called the 2008 Lehman Brothers' collapse, which deepened the financial crisis of the time
- The bank's CEO Ulrich Koerner tried to quell doubts, saying their Silicon Valley Bank 'credit exposure is not material'
But CEO Ulrich Koerner said today: 'Our SVB credit exposure is not material', while insiders insisted the world's seventh largest investment bank, headquartered in Zurich, is more highly regulated than SVB in the US and is 'conservatively positioned against any interest rate risks'.
Speaking on Cavuto: Coast to Coast, Kiyosaki said: 'The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse, because the bond market is crashing.'
He explained, while holding up a dollar bill: 'The U.S. dollar is losing its hegemony in the world right now. So they're going to print more and more and more of this...trying to keep this thing from sinking.'
The expert said that the bond market - which is bigger than the stock market - is now the problem, and the fact that it is crashing is unnerving to many onlookers.
No snow for you
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Credit Suisse has been circling the drain for 5+ years. That isn't a big call
No snow for you
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CPI comes in line at 6% YoY but core a little hot. regional banks are soaring today... at least for now.
Not good...
severestorm
Member
Meta cuts 12%(10K) of their workforce in second round of layoffs.
Layoffs…CPI 6%….banks crumbling and more to come. And we get our markets ripping…
It's ripping cause so many people bought puts . Premium burn in full effect. See what happens tomorrow with PPI I bet we end the week where we started on spy
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Pumped for the PPI dump tomorrow to stay in the 385-400 range. What a BS range we are stuck in
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Until the late day short cover it sure looked market was rolling over...the daily candles were looking real ugly. Last week had a huge engulfing bearish weekly and now it's building.
I haven't been trading much, this market just very difficult right now.
