Silicon Valley Bank is Dead

Discussion in 'The Mainboard' started by Menelaus, Mar 10, 2023.

  1. Redav

    Redav One big ocean
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    The crypto weirdo is here to shit all over the thread
     
  2. Bo Pelinis

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    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
     
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  3. user15000

    user15000 Well-Known Member

    Oh ok. Interesting theory supported by nothing best I can tell. I assume you're longing all those stocks though.
     
  4. Bo Pelinis

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    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.
     
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  5. Bo Pelinis

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    I remember my first time following stocks
     
  6. pperc

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    The market force = panic
     
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  7. Bo Pelinis

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    Stocks = vibes is pretty much a rule at this point isn’t it?
     
  8. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    Don’t forget Clinton, that’s where the ball really got started down the hill on all of this. Those dopes just accelerated things
     
  9. user15000

    user15000 Well-Known Member

    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...
     
  10. Jay Jay Okocha

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    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.
     
    leroi likes this.
  11. Jay Jay Okocha

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    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.
     
  12. Bo Pelinis

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    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
     
  13. user15000

    user15000 Well-Known Member

    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.
     
  14. Bo Pelinis

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    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.
     
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  15. herb.burdette

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    Feels like the House of Representatives should investigate Hunter Biden to get to the bottom of this.
     
  16. rulethirty

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    which financial services etf is down the most?
     
  17. user15000

    user15000 Well-Known Member

    You can ignore the commentary. The red is not great.
     
  18. DJ Bosa

    DJ Bosa Put the coke on my dick
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    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?
     
  19. Gallant Knight

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    Eggs finna keep being expensive but maybe my real estate deals aren’t all 0s now
     
  20. pperc

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    Lol wut
     
  21. Gallant Knight

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    I don’t think he should be manning the phone talking to your banks clients this morning
     
  22. Gritty Badger

    Gritty Badger Well-Known Member
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    love me some PNC
     
  23. NothingIsOT

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    Did trading on FRC and PacWest get halted? I can’t turn on cnbc.
     
  24. pperc

    pperc Well-Known Member
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    No
     
  25. Menelaus

    Menelaus The Red-Haired King
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    Wrong

    PACW, Zion, FRC, Regions all halted
     
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  26. pperc

    pperc Well-Known Member
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    Thought they meant at open. Hadn’t checked since then.
     
    Menelaus likes this.
  27. pperc

    pperc Well-Known Member
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    Also PACW already resumed
     
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  28. Fran Tarkenton

    Fran Tarkenton Hilton Honors VIP
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    going through the crypto threads history and neat spectrum of posters that got caught in the scam(s)
     
  29. Tug

    Tug Well-Known Member
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    Our economy is driven by emotion moreso than actual implied value (ex. Tesla stock)
     
  30. Bo Pelinis

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    Didn’t we all post in the wallstreetbets thread at some point? Hive mind results can be super impressive
     
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  31. CUgator

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    Shockingly, my normally talkative buddy who is a VP at First Republic has gone MIA from our group text.
     
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  32. Tug

    Tug Well-Known Member
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    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
     
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  33. Gallant Knight

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    So are we getting an emergency rate cut this week?
     
  34. BP

    BP Bout to Regulate.
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  35. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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  36. One Two

    One Two Hot Dog Vibes
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    Hats off to China. Never would’ve guessed the long term play in releasing covid 19 was a US financial institution liquidity issue.
     
  37. Fran Tarkenton

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    we trying to figure out which other banks are overly tied up in long term assets?
     
  38. herb.burdette

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    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.
     
  39. pperc

    pperc Well-Known Member
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    There is also a venture debt draw down vs incoming deposits issue with investments slowing. Probably both
     
  40. two

    two Hello
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    How is this bet playing out so far
     
  41. herb.burdette

    herb.burdette Meet me at the corner of 8th and Worthington
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    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.
     
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  42. Gallant Knight

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    Guessing that’s what all the Wall Street analysts were doing this weekend
     
  43. Jay Jay Okocha

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    Markets seem to be calming down a bit.
     
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  45. NothingIsOT

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    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.
     
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  46. pperc

    pperc Well-Known Member
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    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.
     
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  47. Gallant Knight

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    because the fed wont be raising rates next week
     
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  48. pperc

    pperc Well-Known Member
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    I agree. Really unique
     
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  49. One Two

    One Two Hot Dog Vibes
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    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
     
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  50. Gallant Knight

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    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.