EVERY bank saw a sharp drop in share price between 9:30am and 9:40am est today. March madness?
Suicide weekend to follow?
Banks halting today: https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
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There are some really good threads on the fall of the banks on Twitter right now. It's going to be a contagion and it's already started. Started with Silvergate and it's continuing throughout the sector. Hedge funds are starting to move funds out of a lot of the banks, which WILL lead to a liquidity crisis and ultimately bank runs. This is not investment advice, but I'd have cash on hand. If you currently only have one bank account, open a second or third with a credit union or local bank.
The Dodd-Frank act allowed for legal bail-ins. Essentially your dollars will become "stock" in the bank or institution and you will be able to only use a finite amount at any given time per bank. I also suggest researching how heavily invested your bank is in the derivatives market.
This could all be planned to push for the CBDC (FedCoin) that's allegedly supposed to slowly roll out in July of this year. Be prepared. The FDIC can't even insure 1 percent of the money in bank accounts. The system will go down on a Friday night and the panic will ensue the following Monday, with as much damage control from the FDIC, treasury, FED, etc.
PREPARE WHILE YOU CAN. I have no clue if it's going to happen today or in 5 years (It's not going to take 5 years), but the collapse of our current debt based system is inevitable.
Agree. I just cant get over the FDIC thing tho. Your advice to have cash on hand is spot on. Everyone should. But I guarantee most do NOT. People with savings all tied to bank accounts will go absolutely apesh!t if FDIC isn't honored.
Bank at ComputerShare.
The bail-in laws are currently only for bank creditors and stock holders, not clients. Doesn't mean that won't change, however.
can you post the twitter threads when you have a moment?
Check this cats page out. Tons of good stuff. https://twitter.com/INArteCarloDoss/status/1634244077733511170?s=20
I've noticed the market sliding all week. I think the start of the crash already happened. It's just dripping as opposed to waterfalling.
i read june 30th
Any trigger reason you can remember?
Other poster might be referring to this from earlier today
https://greatawakening.win/p/16aTQdJLbM/we-have-a-deadline-for-the-crash/c/
That's the kind of thing I meant. Thank you both!
Bobby's up 8% in a sea of red.
Yes, I just saw that. I got a small amount earlier at $1.15
Closed at 1.34 nice buy for the day.
Some hedgies are getting nervous and covering I bet.
You're ever hopeful like the guys on the superstonk daily. Have a great weekend! Maybe Bobby will squeeze next week.
vix seems to have reversed. doesnt look like today is the day unless there's some news coming later today
Yea, which is strange. VIX should be higher.
i posted that before the Silicon valley bank news. we'll see if it cascades further and leads to a huge leg down in the markets. i think if it's contained and stops with SVB that the market will figure out a way to rally again.
HODL
You DRS? Hopefully it's easy to sell from CS. I might get some more in fudelity just in case.
All my gme is DRS. But my bbby has a different transfer agent that doesn't allow limit sells.
Market is red as hell today and my bbby is up 7%
What's your exit strategy? (kek)
30 ,for bbby per share,unless we are are still moving up fast. I don't have one for gme.
And I have 45 calls for April and 17 for Aug. Just bought 2 more to hit the magic numbers.
Kek
Kek nice