Headline on Bloomberg right now (can't link the article) says:
Rescuing First Republic May Leave Bank Stockholders Stranded
The bank could still survive, but stock may not be protected
Wedbush analysts see ‘no residual value for shareholders’
Not for the feint of heart or the ignorant, for sure. That stock could be $5 today just as easily as it's $17 right now. It might be $5 next week, or maybe $30. But make no mistake this is a failing bank, the bet is just on bigger banks or the biggest bank (Fed) saving it.
Down 10% just in the...
This is not my personal experience, I’m just referencing something I’ve read either on here or another forum, I can’t remember where. But I read about the 147 ELDM being very splashy at close ranges/high velocities with unnecessary meat damage as the major complaint. I don’t recall the impact...
IMO the insiders think this bank isn't going to make it. If institutional money and professional investors thought it was still solvent the stock wouldn't still be crashing, they would be stepping in to buy it. I've been wrong before, but we wary that the people in the know probably know a lot...
Is there a chance? Sure. But be prepared and be willing to lose whatever you put on that bet. It’s not an investment, it’s a gamble. But gamblers win sometimes.
https://www.cnbc.com/amp/2023/03/19/sp-cuts-first-republic-deeper-into-junk-says-30-billion-infusion-may-not-solve-problems.html
Schwab, SWVXX. I‘ll be watching the yield in the next week as the T bond rates fell so dramatically in the last week, holding my breath. Vanguard has a good one too, but you need a Vanguard account for those.
Yeah my retirement account contributions have continued all along, just making decisions on my mid-life money. I always remember Warren Buffet's Rule #1 above all else though: "Never lose money." I've read that what he meant when he said that was don't take risks you're not prepared to see play...
So long QT, was nice to know ya.
https://www.morningstar.com/news/marketwatch/20230316831/fed-balance-sheet-balloons-by-almost-300-billion-after-svb-failure-and-effort-to-stop-bank-runs
I don't disagree, I just question when will the yahoos get out of the way. The fundamentals are pitted against very powerful politics and geopolitics in my mind. I also pay attention somewhat to what Warren Buffett buys and sells, I was in OXY for a short bit last year for that reason. That...
I've played the gold miner stock game this last three years. I don't recommend it to anyone. It has been the most damned illogical, painful trade to be in. It is literally the reason I'm so averse to all this risk and averse to "trading" in general now. Gold stocks look for every reason to fall...
Same here man. I played the gold and silver game in 2020, and boy it did NOT pan out. When the shit hits the fan the paper gold market is still just a stock market, and people sell everything when the margin calls.
I’m having a hard time with O&G right now personally. Assuming this is a recession, O&G should still go down from here. But there is a lot to be said for “market movers” and “price manipulation” and politics and geopolitics and all kinds of other major influences that operate outside...
I acknowledge that ZeroHedge tends to have a slightly right of center take on things, but when it comes to financial matters I think they are generally equally critical of both sides of the aisle. So here's an interesting take on this "not bailout" on Sunday...
The liquidity and safety are the main draws for me for MM funds right now. Now that my concerns about the safety have been resolved, I'm not moving anything at the moment.
So the CPI print came in right as analysts expected, and markets jumped today. So I guess there's the answer to my...
I have a nice garage gym setup, pretty comprehensive.
But my single favorite piece of workout equipment for hunting training was practically free —got an old truck tire (not a tractor tire, just a large pickup tire) from the trash pile behind the local tire shop, drilled a hole in it to run...
I’m not buying anything today. I literally have no idea what tomorrows CPI print is gonna do, I can’t even guess. Last week a hot CPI meant the market goes down, but now this weekend changes everything. Gas prices were also down for the majority of the month of Feb, although they’re back up now...