it's not if. it is pretty easy to figure this out. look at their 10k.
svb issues were known last summer.
SVB is Now In the Hands of the FDIC
- Thread starter 2003RedfireVert
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it's not if. it is pretty easy to figure this out. look at their 10k.
svb issues were known last summer.
I agree. Short lived ramp up followed by an even bigger retreat when everyone’s hopes and dreams are crushed.
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Most of the unrealized investment losses in the banking system are at the largest lenders. In its annual report, Bank of America said the fair-market value of its held-to-maturity debt securities was $524 billion as of Dec. 31, 2022, $109 billion less than the value it showed for them on its balance sheet.
www.wsj.com
Banks Lose Billions in Value After Tech Lender SVB Stumbles
Investors dumped shares of SVB Financial Group and a swath of U.S. banks after the tech-focused lender said it lost nearly $2 billion selling assets following a larger-than-expected decline in deposits.
www.wsj.com
This is the chart to grasp.
The fed funds hits its high/pause(orange line)…. the second that 1st cut comes… boom lights out. And the market doesn’t bottom until they are done cutting(blue line)
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Interesting correlation considering everyone gets all giddy with a market bump with news that rate hikes will stop.
I don’t think it’s the rate drops that trigger the market move to the downside
It’s that the economy is contracting and the Fed lowers rates.
Market took off with low interest rates in 21 but we had the Covid reopening too.
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I don’t think it’s the rate drops that trigger the market move to the downside
It’s that the economy is contracting and the Fed lowers rates.
Market took off with low interest rates in 21 but we had the Covid reopening too.
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Most of the unrealized investment losses in the banking system are at the largest lenders. In its annual report, Bank of America said the fair-market value of its held-to-maturity debt securities was $524 billion as of Dec. 31, 2022, $109 billion less than the value it showed for them on its balance sheet.
Banks Lose Billions in Value After Tech Lender SVB Stumbles
Investors dumped shares of SVB Financial Group and a swath of U.S. banks after the tech-focused lender said it lost nearly $2 billion selling assets following a larger-than-expected decline in deposits.
So short BOA?
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Didn't they pass the supposedly tougher stress test just a little while ago?
I am not aware of a bank failing a stress test. ever.
If B of A gets exposed and hammered then the other big banks will fall as well and so will the whole overall stock market so it's probably safest to short the overall market instead of B of A.
All I know is if I wake up one day and someone says that railroad retirement is gone, and nobody who has paid into it will be getting anything, there are going to be some dead people. Whether that’s suicide or murder, I don’t know.
I have no ****ing clue what anything in this thread means, but it sounds bad.
Carry on.
Scam developed after the 08 crash.
Makes everyone feel better I’m sure.
BOA: In times of reduced liquidity and high withdrawals, we’ll borrow money from JPM.
JPM: ……we’ll borrow from Wells Fargo.
Wells Fargo:….we’ll borrow from BOA.
Fed: Great! You all passed!
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Hmm, time to sell every stock on monday?
Not sure if there will be another decent drop this week once it's determined how deep this goes.
Not sure if there will be another decent drop this week once it's determined how deep this goes.
I’ve had my 401k in cash since mid Feb.
Liquidated some of my personal stuff. Only kept the dividend payers. If anything, I’ll buy more if they get down to what I paid last summer.
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And just like that on Monday the public will be taking there $$$ out of the banking system watch..
That is why stories are bombarding everyone that everything is AOK.
What a sec.
Is that you posting on Twitter or are we saying someone other than Dale uses the term Putler?
If it’s the latter, that means there is a cult of ukosimps.
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