I’m saying all the regional bank stocks being down that you linked means nothing besides that humans are emotional irrational creatures. Fuckin kidding me
Oh ok. Interesting theory supported by nothing best I can tell. I assume you're longing all those stocks though.
The only question about those stocks is are those companies in fundamentally any different position today than they were last week. If yes, the drop is justified. I doubt those all have substantial exposure to SVB or the same market forces that made SVB fail, though.
Don’t forget Clinton, that’s where the ball really got started down the hill on all of this. Those dopes just accelerated things
Or, and hear me out, some investors dug into their financial records, realized they're shit, and are selling so that they're not left holding the bag. Maybe answer why it's just those handful of companies and not every regional bank that's publicly traded...
Largest exposure of a large cap firm was Roku and that was just 20% or so of all deposits. Seems very irrational for large cap stocks to move on the back of this other than for underlying macro factors changing.
Again, there’s a hell of a lot of regulation. Bank runs and failures are a historical fact, not something that just started out of nowhere.
There are times when stocks falling is a sign of financial distress but more often than not it’s just sector panic. Not impossible, certainly, to be a larger sign. But then you also cherry picked three stocks that were down to try to score points against a poster who didn’t even post a call sign. So if it’s not sector panic it’s you being a douche bag cherry picking stocks that are tanking to make yourself look smart or the other poster dumb
The regional bank etf is down 10.6% pre-market. The chart was showing the biggest drops. You brushing off both as irrational is silly. But maybe I'm wrong and you're actually supporting your opinions with a position in the market.
I don't own individual stocks nor do I generally own sector specific ETFs (I own a little bit of a blockchain ETF for funsies full disclosure). Might consider it at open, though. Looks like panic.
Feels like the House of Representatives should investigate Hunter Biden to get to the bottom of this.
The bank I work for is sending out talking points this morning to deal with the 100 questions I’ll have from my clients this morning. Haven’t followed it that closely Or this thread that closely which is to long now. Sounds like they just put all their eggs in one basket, the VCs pulled out and now they are fucked?
Didn’t we all post in the wallstreetbets thread at some point? Hive mind results can be super impressive
Shockingly, my normally talkative buddy who is a VP at First Republic has gone MIA from our group text.
I have FUBO stock with an avg cost of ~30 per share. Celsius took my BTC. I am a sucker for this US economy thing
Hats off to China. Never would’ve guessed the long term play in releasing covid 19 was a US financial institution liquidity issue.
The interest rate issue is tied to the crisis. SVB had non-liquid long term assets, and that was a problem, but it also took a substantial haircut on the value of its liquid assets when the federal rate increase caused its bond portfolio to drop value.
There is also a venture debt draw down vs incoming deposits issue with investments slowing. Probably both
It’s going to be interesting to see whether this is anything systemic. I know regulators invoked the systemic exception to take action, but this really seems unlike the terrible real estate bubbles that caused the 2009 crisis or the early 90’s S&L crisis.
I bought 100 shares of PacWest at open for $6.55 ($655). I’m up $55 and a 8% gain. Should I sell? This is just play money. No one should follow my advice.
I don’t trade and I’m guessing OK unless you are dumb enough to participate pre market. PACW is now back to flat since open.
Market hysteria is driving down all bank stocks. Find the ones with good deposit diversity and strong capital positions. There will be a flight to buy those
bitcoin up 8% is hilarious. just crypto bros pumping. no one is running from the safety of real money to fake money. just some people moving their money from smaller banks to bigger ones.