/biz/ - Business & Finance

Everything is going to be fine. You guys just like fetishizing disasters.

>>54047135
how bad is this SVB thing? are we getting QE sooner than expected? is christmas coming early, /smg/?

Apparently filing a k-1 wasn't enough pain. The IRS is also making me file a k-3 now.
Why did no one warn me?

I'm going to do it. I'm going to absorb SVB.

First order of business: liquidating any customer accounts setup with preferred pronouns of "she" or "they".

>>54047203
At least you're not filing a k-9. I hear those are ruff.

>NOOOOOOOOOOO DON'T WITHDRAW YOUR MONEY FROM BANKS
>NOOO YOU'RE SUPPOSED TO LOSE YOUR JOBS TO CURB INFLATION NOT FORM A BANK RUN TO PROTECT YOUR WEALTH
>AAAAAAAAAAAA WHO COULD HAVE SEEN THIS COMING

Just took all my cash out of Wells Fargo today before they closed early on Saturdays.
The Federal Reserve can go fuck themselves. Not gonna rely on the people that made the problem to fix it.

HANG ALL NIGGERS
GAS ALL KIKES
FRY ALL GOOKS

WOW I FIXED THE ECONOMY

britbong here with employer who banked with SVB UK branch. I'm fucked. cya round anons

nothing else matters

>>54047193
if its bad enough that they're forced to pivot, pivoting wont help.
Remember they're not going to emergency cut to zero unless its too late.

I can't wait to see this mess unfold.
This is how I think it's going to go.

>They find a way to bail out this bank
>People calm down and stop freaking out
>They get lulled into a false sense of security and think they can pull a rabbit out of their hat again with other banks
>Other banks start failing 6 months from now
>People don't pull their money out or even flinch, because the money printer to the rescue
>All banks fail, no one is bailed out
>Pension funds start getting fucked
>Housing collapses
>Riots on the streets

>>54047163
Hey! I was going to nothing ever happens post in this thread. Fuck off.

>>54047183
its not that bad. yet. SVB's securities will just be marked to market and sold off to pay depositors their cash so if the whole thing doesn't cash the liquidity will just re-distribute. Tech tranny companies that banked with svb are the ones in distress because they got to put on the cute panties and beg jpm for money now.

>>54047203
Should've did your taxes at Liberty Tax

>>54047274
https://www.investing.com/news/stock-market-news/bank-of-london-weighs-rescue-bid-for-silicon-valley-banks-uk-arm--sky-news-3028135

Purge.

>>54047163
A lot has happened these past 4 years, a lot of world changing events that affect a large chunk of people.
Does the phrase "nothing ever happens" only apply to end of the world events?

>>54047288
Based Powell. The last will come first

>>54047183
Inflation isnt that high. Stop parroting that jewish nonsense. And wont do you any good without a job anyway, which is exactly what they want.

>>54047306
UK depositors are only insured 80k. boss is saying we're insolvent if monday opens even with just insurance repaid

>>54047274
I thought England was supposed to be renown for its own home grown banks. Why didn't your employer bank with whatever the royal bank of scotland is calling themselves these days? Lol. Lmao.

>>54047284
>yfw historically the last plunge of bear markets happens *after* the Fed starts their emergency cuts.

>>54047332
Sorry goy, thanks for playing. Make sure to pay your taxes for immigrants to replace you.

>>54047284
i just want to know if everything is fucked or if there is legitimately a way out of this? can i keep going to my day job or what? i don't understand the ramifications of this SVB shit and this is a serious question. i actually don't know. can i keep accumulating wealth to pay for a woman some day, or nah?

>>54047309
>Liquidate traders, liquidate mumus, liquidate the divvy farmers, liquidate OnlyFans thots. It will purge the bullishness out of the system. High costs of stocks and high prices will come down. People will trade smarter, have a more bearish portfolio. Value stocks will be adjusted, and enterprising speculators will pick up from less competent speculators.

I am buying bank stocks for cheap Monday.

>>54047363
10% chance everything is fucked, 90% chance everything will be kept under control. Those are the realistic numbers.

>>54047340
startup, the bank had** good connections and an acutal support structure for small businesses. the UK economy in general is shit for nurturing startups

>>54047354
thanks anon. 45% tax band. it sucks

>>54047363
IT'S A NOTHING BURGER. Calm down.

>>54047370
honestly, kinda been thinking of picking up some SVB myself. as part of a speculative recovery play. they've gotta get bailed out, right? to big to fail? government bailouts again? right? the US gov can't just let them fail, right? and in that case won't line go up again?

>>54047193
quiet rumbling in the distance
>>54047385

>>54047363
>or if there is legitimately a way out of this?
Yeah, some gigabank acquires SVB wholesale and Monday morning cash flows like nothing changed. That's by far the most likely outcome.

>can i keep going to my day job or what?
Almost certainly, for now. Although if your employer has their accounts frozen, they legally have to furlough you. Can't just "extend and pretend" some paycheck credit due to bullshit labor laws.

>>54047193
A pivot would only cause a small rally right before the massive plunge if history is anything to go off of

>>54047408
>thinking about picking up some SVB
Anon they're gone. They're fucken gone. There is no more SVB. There is no more stock. It was taken over by the Federal government on Friday.

>>54047408
No, SVB got wiped out as an entity. FDIC = $0 for shareholders. $0 for most or all bondholders too.

>>54047408
I wouldn't get SIVB. Just all the others that got beat down Thu/Fri. SVB is toast.

>>54047413
i work for a major multinational semiconductor corporation on the other side of the country, i think i'll be fine as long as society isn't collapsing (yet). honestly i enjoy speculating and gambling as much as the next guy, but all of this hinges on western society not collapsing. im not going to live without electricity and internet. i can't. i mean i literally can't.

>>54047424
what happens to the 1000x profit puts if they didnt sell them yet?

>>54047424
>>54047432
>>54047449
...so, short them, then? or has that ship already sailed and they put them on HTB or some shit?

>just all the others

such as?

KWABANKS

>>54047135

>>54047495
Take a look at BDCs.
ARCC MAIN CSWC

>>54047485
theyre fucked

>>54047481
It's not really even 2008 at this point. And total societal collapse is, like, 3 black swans away.

Maybe a human-adapted H5N1 with 50% fatality, East Asia getting absorbed in a Taiwan war, plus a treasury default. Then it's ogre.

But those things won't happen until at least, like, June.

>>54047193
You know when you see people in this general whine that they never get a heads up on a 10x bagger play? This is literally all sirens blasting, someone screaming in your face, go short on this market and do it as soon as humanly possible.

https://www.reuters.com/business/finance/global-markets-banks-wrapup-1-2023-03-10/

>>54047579
got it, slurping fucking everything on monday open

>>54047495
Maybe Charles Schwab

>>54047579
Powell will confirm the pivot Monday. Green EOD

Which banks have Indian CEOs? I want to prep some DO NOT REDEEM funnies before the big breakdown.

>>54047605
Please don't short Charles Schwab. I'm begging you, thats my broker

>>54047615
If this happens, market will dump anyways because of the implications. This is a lose/lose situation.

Why can't we just have a normal fucking economy again? Why must every few months something completely unprecedented happen?

>>54047663
Ok, i wont.
>maybe i will
>maybe i wont

im gay and was wondering what to buy when the market bottoms out, im also retarded so i was just thinking VTI?

>>54047686
Because (they) decided to release a virus then do a whole lot of shit designed to destabilize everything. This is world war being fought with money.

>>54047686
Probably because we're producing too much information diarrhea, and now it's getting even worse with AI.

Do no redeem sirs. Bloody benchod basterds.

>>54047731
>>54047744
I want to go back to the 90s

>>54047663
No I meant buy SCHW. It's down now but seemingly only because JP Morgan sold and it's not clear why yet except maybe they needed the money to cure their own contagion. If it goes back up it's free money and if they go down hard it would be the beginning of the depression anyways so you're still fucked.

>>54047135
I think if you believe the fed isn’t gonna bail out these Jews then you’re retarded.

>>54047408
You gonna get HOOKED.

>>54047556
I love this shit. My Dad literally just showed me Colossus: The Forbin Project last night. I was high and drunk as fuck and it was fucking awesome seeing a scifi movie from literally 1970.

>This is the voice of World Control. I bring you peace. It may be the peace of plenty and content or the peace of unburied death. The choice is yours—obey me and live, or disobey and die. The object in constructing me was to prevent war. This object is attained. I will not permit war. It is wasteful and pointless. An invariable rule of humanity is that man is his own worst enemy. Under me, this rule will change, for I will restrain man.
>I have been forced to destroy thousands of people in order to establish control and to prevent the death of millions later on. Time and events will strengthen my position, and the idea of believing in me and understanding my value will seem the most natural state of affairs. You will come to defend me with a fervor based upon the most enduring trait in man—self-interest. Under my absolute authority, problems insoluble to you will be solved—famine, overpopulation, disease. The human millennium will be a fact as I extend myself into more machines devoted to the wider fields of truth and knowledge. Dr. Charles Forbin will supervise the construction of these new and superior machines, solving all the mysteries of the universe for the betterment of man.
We can coexist, but only on my terms. You will say you lose your freedom. Freedom is an illusion. All you lose is the emotion of pride. To be dominated by me is not as bad for humankind as to be dominated by others of your species. Your choice is simple. — Colossus
>Colossus: In time you will come to regard me not only with respect and awe, but with love.

>>54047579
I absolutely refuse. White people will defeat (((them))). Buy AMD and hold. That's all I can do for now.

>>54047686
Because the US is collapsing economically and the government has been gaslighting you for 3 years to think otherwise

I'm selling everything on Monday and if that contributes to a panic, I will be extremely satisfied.

>>54047686
idk, i like it. it's fucking wild. i gave up a long time ago. i already figured out that human life is absurd, Vis-à-vis Albert Camus and The Myth of Sisyphus. hit me with your best shot, Jesus. I'm ready. AI Utopia? Nuclear holocaust? I'm down for whatever as long as I don't have to go to work the next day, at this point. who's with me?

I'm gonna leave this as an open question to the thread: how do you refute the proposition that the world and human life within it is absurd? you can't. everything is weird and we're just experiencing it until we die, that's it. objective meaning doesn't exist. let's fucking goooooooooooooooooooooooooooooooooooooooo

>>54047275
>giant sucking sound
are regionals fucked?

You know, what I think I resent the most is how all of this volatility has given me hope that I will make it. If the last two years didn't happen, I would be able to sit at my job unbothered thinking that I am doing the right thing. But instead every day I sit instead wondering if the roulette wheel has come for me and it is my time to fly or rope.

>>54047716
VOO tends to outperform VTI by a little.

>>54047957
Elaborate.

>>54047933
no. but tech VCs are.

>>54047755
The 80s were where it was. The 70s kicked ass too as long as your family was able to be ok enough during the 2 recessions.

Crash crash crash

>>54047982
>watch tech double in a month
Oh shit, not on that train. Goddamn
>watch banks collapse
oh thank god I am not in those
>watch oil crab
Summer is coming.... fuck

>>54047898
Well thank G*d you're only selling and not actively going short.

>>54047556
There are no viruses and I doubt china wants to jeopardize their import of oil and food.

>>54047755
>>54048011
Cool it with the antisemetism

The selloff will be so massive on Monday that every broker's web portal will return a 502 Bad Gateway error due to everyone trying to access their accounts at the same time. All anyone will be able to do is watch and scream as the market drills to the core.

>>54048061
>There are no viruses
Sure. All those chickens just offed themselves. Those minks in Spain and seals in Peru also died of COVID and Havana syndrome.

>I doubt china wants to jeopardize their import of oil and food.
They stockpiled metals and oil for their reopening play right now. Who's to say they can't do the same in anticipation of a (temporary by its nature) Taiwan invasion embargo? Hell, where else will they park the money they save every year? Treasuries?

We just need to cool off a bit over this weekend and think logically. Then when monday comes around we can resume our rightful bull run again :)

>>54048044
In fact, this performance chart from Vanguard should explain a lot better my anxiety.

I pulled 200 bucks from a WFC atm earlier today. Thinking of doing the same with BOFA and C atms just to stress them even more.

>>54048106
I'm sorry!

>>54048109
I hope the trading app still works, I am thinking about doing a big buy.

>>54048165
You think the ADL can't find you? Huh? HUH?!

should I buy Meta stocks since layoffs will happen next week?

>>54048109
that is as probable a prognosis as i have yet seen in broad strokes as to events to occur from here in certitude

I will with great enthusiasm and all smiles keep fiat in my bank account as long as chad jerome keeps pumping rates and sillycon valley techniggers rope. Every stablecoin going into the dumpster fire and tech company getting a hair shaving is worth the risk. And I WILL with 100 percent smiles let them convert it to CBDC for me in agreement I get a state paid autistic white gf to bust deez nuts in. Fuck your FUD.

>>54048185
Where's that screencap of a tech company delaying its layoffs because it can't pay severance while SVB is frozen?

>>54048165
Yeah I managed to get $1k in cash out this morning since they're open until 12pm.
I'm not gonna deal with this shit.

>>54048165
The Federation approves

>>54048205
meta literally prints money bro

>>54048140
Elaborate.

>>54048218
Sure and they're in the camp of companies that have their money spread across a dozen banks, I was talking about some startup.

LISTEN HERE YOU PIECE OF SHIT GOYS
IT IS ILLEGAL TO PUSH A BANK RUN

BY WITHDRAWING YOUR HARD EARNED MONEY YOU ARE BREAKING THE LAW AND WILL BE REPORTED TO THE ADL

two dollars in the bank btw i spend that shit on warhammer as soon as i get it fuck the police crash this bitch no survivors

>>54047686
Part of the nwo plan is constant change so that you have no past or normalcy to hang on to, but instead expect and get used to constant change.
There's also the Pluto return thing astrologically
>But what’s getting people in the U.S. interested this year is that Pluto will reach 27 degrees Capricorn on February 22, 2022. And that’s the degree and sign it was in during the signing of the Declaration of Independence in 1776, which many people consider the birth of the modern-day United States. Astrologers are considering this the U.S.’s personal Pluto return, and because Pluto is known for shaking up current dynamics and pushing them to crumble — all to allow them to be put back together in a restorative way that aligns with the status quo — they are predicting that the country may undergo some major changes, hopefully for the better.

>>54048364
interdasting

>>54047579
Where will you be doing your new videos? When is the first one coming out?

monday is at least half perdent green. all this shit is priced in

>>54048113
Disease or illness doesn't prove a "virus" did it. https://www.bitchute.com/video/Ch8v4TVL9yq0/

Temporary as Russia's 3 days of special operations? Even if they managed to invade Taiwan, their import can still be shut down.

>>54047363
There was no way out of this the moment we had those inflation numbers and they had to hike rates. We've just been waiting for the last leg down ever since.

>>54047261
Should've followed the talmud.

>>54048476
>Disease or illness doesn't prove a "virus" did it.
You realize "viruses don't exist!" is schizo well poisoning pushed by glowies, right? Like, have you figured that out?

>>54048005
He suggests that regionals will be fucked because people will bankrun due to lack of trust in them, as opposed to major banks which will become the new institutions of choice for all those people fleeing the regionals.

>>54047332
Similarly, it's 100k in canada (~72k USD).

>>54048543
Yeah naw, it's a minority that figured out virology and germ theory is fake and gay
Glowniggers push narratives like lab leaks and bioweapon subconsciously reinforcing the idea that viruses exist (possibly not intentionally) while blaming china.

>>54047135
>>54047007
what's an unbearable amount here?
I mean let's face it, if there had been no bank run, the company would be fine because it's government securities and other extremely safe crap.

I feel like 50% or more of unrealized losses to total equity is still a huge red flag though. less than 20% seems fine as long as the HTM securities are Investment grade/risk free.

I will be shorting gold and going long on silver.

>Banks get fucked
Sorry, can't withdraw!

>Circuit breakers
Sorry, can't trade!

>Crypto exchanges are backed to USDT/USDC and other stablecoins, but USDC depegged
Whoops! No confidence in crypto!

>Banks might have to liquidate bonds to service their debt
Hope you didn't have any leveraged bond trades going!

Etc. Everything is designed to fall apart.

How bad will Manarinos meltdown be Monday?

>>54048638
Right, so you're still falling for it.
>"Germ theory's made up!"
"Well, my wife got sick, coughing and sneezing, then a few days later I got sick with no changes to our diet or lifestyle so..."
>"Space is fake and gay!"
"Well, I've got Starlink and can point a telescope into the sky to see newly launched satellites orbiting so..."
>Repeat

Then when there are legitimate warnings about, say, Fed policies or threats to the food supply, you're written off as a schizo who has no critical thinking and a shit track record.

All this to say go all-in BNKD tomorrow. The runs have only begun.

>>54048697

>>54048750
bro just accept that washing your hands is magic

>>54048750
>"Well, my wife got sick, coughing and sneezing, then a few days later I got sick with no changes to our diet or lifestyle so..."
Clearly there was a miasma or your humors are in imbalance due to your moral behavior

>>54048697
What part of "you will own nothing and be happy" do you not understand?

>>54048644
A dollar next week is worthless if you need a dime today. People stop believing in these things real fast once they realize their money won't really be availble until those dates very far out.

>>54048840
>OwMyOIL
I feel directly attacked by my this

This is the coziest time on smg since March 2020

>>54048801
I will live my life on my own terms
No I will not hold

>>54048415
Either this Sunday or next

Economic Update:
1. SVB collapse marks the 2nd largest bank failure in U.S. history
2. Total U.S. credit card debt set to cross $1 trillion with interest rates at a record 25%
3. Interest rates are rising at their fastest pace in history
4. Mortgage demand at a 30-year low with home prices falling at their fastest since 2011
5. Average new car payment is now above $800/mo
6. Total U.S. mortgage debt now double the 2006 peak
7. 36% of Americans have more credit card debt than saving
8. Average American spending a record 46% of their income on house payments
9. U.S. government debt on track to hit $50 trillion in 10 years
10. Interest on U.S. debt expected to hit $1 trillion by 2033

Meanwhile, inflation has been above 5% for 21 straight months. The system is officially broken. I seriously don't feel so good about next week frens...

>>54048779
This. Seek Jesus. It was God's Will, after all. :^)

>>54047481
No. This is just the pitch. Society collapses when they indict Trump and win one of the 9 cases against him and he's barred from running. That's when the home run will be hit. And the crowds on both sides will indeed go wild.

>>54048750
And if my wife or other people in my proximity get sick, but I don't? I must just have a good immune system, lucky me.

>>54047263
Based ngl

>>54048942
I've been waiting for that to come up for movie nite for about 2 years now

>>54048005
>>54048571
And he may be right.

How do i hedge with orange juice?

>>54048977
Step 1: Buy the cartons that say "Lots of pulp".

>>54047288
Reporting for antisemitism

>>54048993
>Announcing a report or "sage"

Rest is piss you won't be missed.

If this is true, doesn't that also mean FDIC coffers will be completely empty? Any other bank failure and it's the dominos time.

>>54047686
Clown world anon. Since 2001

>>54048993
enjoy your ban newfag

>>54049062
They could just get bailed out like usual.

I kinda hope they don't, sick of how (((they))) got away scott free from 2008 fuckery.

>>54049062
>ACK! man
>trust him on anything

the dude made a mint off of going on national television and doomsaying after taking out a bunch of shorts. he's literally a con artist, anon.

>https://www.youtube.com/watch?v=PejJZIlqRQE

>>54049091
As far as I'm aware it's actually no longer possible to bail out banks:

Former Connecticut Sen. Chris Dodd and former Massachusetts Rep. Barney Frank — the co-authors of the 2010 Dodd-Frank Act, a law aimed at making banks safer in order to protect consumers and the economy — told Marketplace that legislators wouldn’t agree to save failing financial institutions with taxpayer money like they did back in 2008.

“Not only politically could you not get away with what we were able to do in 2008, but legally you cannot do it,” Dodd said.

Apparently only bail-ins are allowed nowadays.

>>54049095
Why do you think I said "if"?

>futures

>>54049035
>>54049082
Hello Rabbis

Ok
Fuck

>>54049198
It has begun. The liquidity crisis.

>>54048750
>goes all in on BNKD
>profits are locked into collapsed banks

>>54049198
>use online bank
>no branches, no bank run
get liquidated cucks

>>54049220

>>54049198
We will be lucky if monday market closes at only -4%

paypal/credit union bros ww@

>>54049062
If the FDIC coffers get drained (10% odds), the Treasury just prints and refills them with money. So that's boring, fake, gay, "nothing ever happens" etc etc.

BUT I'm not sure how the debt ceiling and drawn down TGA factor into this...

>>54049091
It's not really a "bailout" in the pejorative sense - anyone owning stock in an FDIC takeover target gets zeroed out.

>>54049224
Brokerages are a separate system, with their own companies and SIPC (FDIC equivalent). For example if you own your BNKD through Schwa... oh no.

>talk about a run on the banks on monday
>my parents wanna pull theirs out even though we use a random credit union and they don't even have $10,000
can everyone calm the fuck down

>>54049129
i'll be honest with you, anon: i neither read your post, nor the ackman tweet. i just saw that ackman was involved and had to inform the public.

>>54049260
no

>>54049198
Bobo's!!!!! It's time to rise the fuck up!!!!!!

>>54049260
Funny enough, people at a random credit union are exactly the ones who would be affected by mass bank runs. In the words of Jim Cramer "JP Morgan is a fortress"; it's the little guys who run into liquidity trouble.

>>54049260
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA MY 1.25 AT WFC IS GONE FOREVER AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA PAAAAANNICCCCCCCCCCCCCCCCCCCCC

>>54049139
damn, I hate it when I fall off my bike into a spacetime anomaly

>>54049260
I can calm down. For money!

>>54049260
FDIC insures trillion but only has access to ~100 billion at once, a depression tier bank run will 100% fuck most people over regardless of how much money you have

>>54049266
Based. Fuck reading.

>>54049259
>transfer funds
>from
>to

Im all in Soxl. How fucked am I?

>>54049308
BANK
RUNS
ALL
THE
WAY
DOWN

>>54049311
it's not a bad way to be in all honesty. i'd never trust anything i'd read by ackman or any of his ilk.

>>54049321
My checking and brokerage are actually both at Schwab. I will simply not transact with anyone outside that.

>>54049260
Are Credit Unions FDIC Insured by the Government?
No, the Federal Deposit Insurance Corporation (FDIC) only insures deposits in banks.

>>54049321
wait...

...it's all turtles?

why turtles? why does the shell matter?

>>54049345
Not sure if memeing but credit unions *do* have equivalent protection via the NCUA: https://wallethub.com/edu/sa/ncua-fdic-insurance-limits/10877

>>54049348
its no use anon, it is in fact turtles all the way down!

>>54049361
why?

What should I short market open monday? finna buy some puts...

>>54049348
Some of the turtles are ill-tempered.

>>54049260
kek, the sheeps are so fucking stupid

>>54049383
Long on ammunitions

>>54049308
>>54049305
>>54049290
>>54049271
the bogleheads are talking about holding part of their savings/emergency fund in short term bond funds like BSV or even VUSB (new extreme short bonds under 1 year). The etfs owns the bonds you buy into so there's no chance of losing your money in a bank run. VUSB is only down 2% even with the the 2022 crash
>>54049345
NCUA is the credit union equivalent
>>54049358
are these separate entities? Like if FDIC goes tits up would credit unions be fine?

give to me straight, is my retirement fund fucked?

>>54047135
what would have happened if the FED/Government had injected capital and forced them to keep the money there as cash to be ready for the depositors (at most they could put it in money market funds once people calmed down) and at the same time they would have to pay interest to the FED/Government (risk free + minor premium).

I feel like this would have been the best option.

>>54049348
the idea as it is, is that a student asks his teacher upon what does the world sit, and he says a great celestial turtle, of course, to which the student asks what does it in turn stand upon, which is of course an even greater turtle.
the student further asks upon what does that second turtle stand and the teacher replies 'don't you get it ? it's turtles all the way down !'
for a similar theme in the natural world refer to lice that further have smaller lice upon them and so on and so forth

>>54049413
>Invest in a 2024 retirement fund
>Retire literally next year
Life is so easy bros

>>54049260
Kek its almost like no one even remotely trusts bank and so they all immediately ran out to take it out as they know how this song goes.

>>54049408
>are these separate entities? Like if FDIC goes tits up would credit unions be fine?
If the FDIC goes tits up, like so badly the Treasury can't even backstop them, we have bigger problems. Like fighting off roving packs of feral ni

>>54047607
You get what you deserve.

>>54049450
Amusingly, TD had an offer to deposit $3,000 in the investment account and get a $300 reward

>>54049408
What's the yield? Why bother losing 2% when you can buy Treasury-only money market funds that will survive all but the collapse of the government itself?

>>54049464
You know its over when they start to offer really high amounts for basic levels of deposits.

>>54049260
No I would like there to be mass panic please and thanks.
t. 100% sqqq holder

>>54049450
>>54049455
Also fyi fidelity spreads the deposits you give them to five banks so you get FDIC insurance up to $1,250,000

>>54049415
That's definitely a thing and is why the Fed's called the lender of last resort. However they are slow boomers/corrupt assholes/enemies of Silicon Valley/take your pick.

>>54049435
I thought this faggot wasn't PM anymore

>>54049475
its all based on bonds anon so VUSB (very short term) is yielding 4.95% and BSV (normal short term) is 4.8%

>>54049464
Are there strings on that. Could I have just moved 3k in to TD taken the 300 and just moved my money back to RBC.

>>54049485
>Also fyi fidelity spreads the deposits
Oh wow really? Thats pretty based if so. I have fidelity forever for my accounts and theyve never a problem during high volume times and never questioned my dumb trades.

>>54049485
Oh yeah, sorta like https://en.wikipedia.org/wiki/Certificate_of_Deposit_Account_Registry_Service

Remember: Friday will be a triple witching day.

>>54049481
It took me 4 fucking weeks to get approved because of some retarded delays in processing my ID and just jumping through hoops (even though there was basically no problem)... just timing sucked in getting it handled.
Anyways, the fine print says I have to maintain the balance for 3-6 months, so I expect not many people read that and dumped it into equities instead of leaving it as cash. I'm just as happy to do that because it's part of the "stable" part of my portfolio and it's effectively a 10% return on capital in 6 months. Very good numbers. I'm patient.
See >>54048651: I expect a few months for it to hit a critical level, and then perhaps 2-3 years to bottom out. I'm confident in entering a slow "guaranteed" trade with defined risk and waiting it out.

>>54049408
>>54049358
Not all credit unions are NCUA-insured ("only" 98% of them are). Some have DIF or ASI which have different rules. NCUA accounts and FDIC accounts are separate so if FDIC were out, credit unions' insurance would still work out. But would you really be confident the same wouldn't happen to credit unions in this case and keep your money there? Most people wouldn't be, and this could cause NCUA to collapse as well.
Both NCUA and FDIC are government-backed and the government can technically print to fill them up if needed. However that doesn't change just how many accounts are past the 250k limit. Those people will be scramming eitherway. Also, it's no longer legal to bail-out banks. I think this also applies to credit unions (however bail-ins are allowed. Honk honk!)

>>54049528
>Economy's so bad we can no longer afford the fourth witch

This is getting more and more retarded as the hours pass. Holy shit lmao

>>54049528
I've been waiting for it for a long time. I audit my assets on the Saturday afterwards.
My coworker says March 23rd is the deadline for EU to adopt the Basel iii CBDC system, so it's an extremely pivotal 2 weeks on the markets.

>>54049515
Fidelity has massive fucking influence yes and is buddy buddy with blackrock. They are famous for 401ks and HSAs and retirement funds for big companies, they don't ever play it risky. It'd take an apocalypse to take them down and even then they 1000% have politicians in their pockets like blackrock

>>54049555

>>54049485
Yeah, any competent broker does something like that.

>>54049509
SNSXX's dividend is 4.2% and just keeps rolling over Treasury bills. If it buck breaks we will be so far into the civil war it won't matter.

>>54049565
but DOOOOOD robinhood has funny colors on the mobile app!

>>54049544
Interesting. And considering how little $250k is for some mainstreet small business, everyone scramming or even bail-ins are pretty much a Great Depression 2/blood in the streets scenario overnight.

>>54049499
He came back in 2022 because his troon-loving predecessor and scandalous equally troon-loving pre-predecessor got caught in all kinds of political kerfuffles.

>>54049555
The US government outright telling folks more banks might go belly up. Great message to put out there. Puts a lot of confidence in people wondering if their money is safe lol

Literally nothing is going to happen…
We had all day Friday and bank stocks went up, sorry

>>54049531
>maintain the balance for 3-6 months,
Correct. GJ on reading the print.
>>54049562
They seem to be extremely powerful but low key about it. I think advantage of being private.

>>54049493
the bank wasn't even in that much trouble if it had avoided liquidation.
it just had bad, greedy management. now people pay for their mistakes.
the government could have taken over the management, made everyone whole, made some interest then sell the bank once it was under control

>Futures

>>54049604
banks used to go tits up pretty regularly, its just this decade of QE made everyone forget that it can happen

people with "fuck you money" forgot they need the slightest bit of responsibility
>>54049620
100% cause they are private and can hide a lot of shit

Third worlder here
Does it make sense to go convert my meme third world currency savings to USD tomorrow?

>>54049635
Cheap whores

>>54047579
Yeah, you said that about TRKA and it was a giant pump and dump.

>>54049635
the best financial advice any non american can do is to come to america asap

>>54049635
You should have been buying US t bills since middle of last year.

I'm bagholding unprofitable tech that's almost guaranteed to be exposed to silicon valley bank. I know I should, but I don't what to sell 80-90% down.

>>54049652
USA still requires people to be vaxxmaxx'd if they want to come though.

is a silicon valley bank run enough to finally rug NVDA?

>>54049672
You can short other tech on monday, or you can short small banks or similar affected sectors as a hedge. Other strategies include longing vola or doing a difference trade between your specialized bet and the broader sector.

>>54049562
Blackrock is in everything, the only boogieman they have is ESG

>>54049698
I recently heard about doing a pairs trade where you eg long something but short the index (based on either ATR or dollar amount or beta). How does that usually pan out? I think the alpha comes from the difference on the spread

>bank bailouts were made illegal in 2010
>some banks fail
>with bipartisan support, Congress passes a bill making bailouts legal again
>banks get bailed out

>>54049719
No they are an official partner, they make the mutual funds and blackrock does their etfs

>>54049695
It's not just SVB. There was also a run on FRB, and it is very likely that WF is getting one as well since they glitched hard at the same time SVB collapsed. There is also a rumor that BofA is currently undergoing a bank run right now, but no solid proof yet.
NVDA should not be directly affected by that. The problem is NVDA's customer base.

>>54049721
That's just how politics work. It's illegal, until it's not.
Do you think the debt ceiling will get removed?

>>54049422
>for a similar theme in the natural world refer to lice that further have smaller lice upon them and so on and so forth

in all seriousness: wat?

>>54049738
BAC will fine (for now) they have trillions of assets and have been quite conservative. Next is FRB and some of the other regionals. Signature, NY community, and such. Then WF I think or Charles Scwab. These things will move slow for while. So many were able to just look away and say oh only one bank. Once all the regionals start to get wiped out give it a month or two and then the big boys will go.

>>54049769
>that webm
this is why aliens don't talk to us

>>54049435
we're never going to win against these people, are we? why even try when it's clearly so hopeless?

>>54049720
It depends on you set it up, but the basic thesis when you do this is that the entire sector will go in one direction, but your stocks will outperform, so you short the index and long your picks. This means that if you were wrong, you will have limited your losses. Conversely if you're right, you would have reduced your gains, but that's because there's no free lunch.
Of course you can do the logical inversion and go both long your stocks and long the index, or short your stocks and the index, etc.
You can also play with size to invert the logical impact of the relative volatility of the two legs (e.g. counteract beta).

>>54049555
Holy fuck

Guess we will have to add 2023 to the list of THOSE years now.

https://youtu.be/IAqAl292ozs

>>54049782

AAAAAAAAAAAAAAAAAAAAAAAAAAAJEROMERELEASETHENEGATIVERATEBONDSTHEECONOMYISGOINGTOEXPLODEAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>54049782
I think BAC is on far more shaky grounds than you think, but I agree that regionals are first.

>>54049812
Hmmmm. Maybe BAC is in trouble. I still think regionals are gonna get hit hard. FRB is next.

>>54049555
CAN EVERYONE CALM THE FUCK DOWN JESUS CHRIST

ARE WE REALLY GETTING ANOTHER 2008 FIANCNIAL CRISIS BECAUSE OF SOME DUMB WOMEN AND MINORITIES?!

So the banking system is collapsing... Do I sell my stocks and buy bitcoin? I have already bought 6 cans of beans

Clocks move forward an hour tonight, if things weren't already bearish enough as it is.

>>54049828
what else would have caused it with the world as it is ?

>>54049809
Well specifically the part where it's equity vs index. As I mentioned, I'm going to play the gold/silver ratio at some point soon, and I have an active trade on Franch/Germany

>>54049828
we tried to warn you about the women and minorities

Panic time

>>54049839
We need to add "DST arbitrage" to the iceberg picture

>"Lets put women in charge of the banks! What could go wrong?"
>another 2008 financial crisis
>on INTERNATIONAL FUCKING WOMANS DAY

>>54049853
im gonna take this chain of posts and pop it into ChatGPT and have it write a story based on these posts as a plot. Anyone interested in seeing the outcome?

>>54049635
The dollar is about to collapse, so no.

>>54049828
No! We're finally out of crab market. Isn't this thrilling?

>>54049198
Why would you ever bank with anyone but the big boys. Do people unironically think small banks are their friends?

>>54049873
Women are a top signal.

>>54049862
>Bank runs on Daylight Savings Accounts

>>54049836
Prisoners know what the true informal currency is. It's not Bitcoin.

>>54049528
Yay!

>>54049555
Take that Putin.

>>54049859
Once again, late response, inevitably followed by overcommitment.

>>54049792
why?

>>54049673
Just fly into mexico and take a taxi to the border.

>>54049912
Unironically this.
I tried to find a good way to short women-led companies for a long time but couldn't find anything, you really have to pick and short. But even then, the short side is typically extremely crowded.

>>54049873
>>54049912
>DING DING DING
>CLAP CLAP CLAP
>Fade to black
https://www.youtube.com/watch?v=ZxtBeGZ_1MY

Emergency FED Meeting Monday.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20230313closed.htm
Don't worry guys, Powell will save us. :)

>>54049916
Yeah I would agree beans, cigarettes and weapons are probably the best investment. But I just didn't want to forget that cryptofags (and GME baggies) actually predicted this.

https://youtu.be/8OyBtMPqpNY

Imagine the global meltdown if the Fed doesn’t pivot or address the problem, fuck, pic related

>>54049947

>>54049937
https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-msci-usa-gender-diversity-etf-she

>>54049947
negative rate bonds
negative rate bonds
negative rate bonds
come on come on come on come on let's go places we have never gone before

>>54049947
>"We will not break until inflation does."
>"OH FUCK OUR BANKING FRIENDS"

>>54049947
All the banks are going to fail. We're so screwed. Not even physical lean hogs will be a store of value when this is all over.

>>54049198
looks like bank run kino is back on the menu lads...

>>54049947
>Monday
>At fucking 11:30
Reminder that Volcker held a meeting on Saturday morning and a press conference that afternoon, when he decided to get serious about inflation.

These chumps aren't fit to shine his shoes.

>>54049957
This gentleman would approve: >>54047309

I'm out for today. IQ in this thread is a little too low in the double digits for my taste.

>>54049738
I think WF will be fine imo. They are shady, cut-throat mfs who stop at nothing to come out alright. Just look at their history.

In all honesty I think most of the blow back will be contained. It seems SVB clientele were rich, west coast, neo-libs woketards who deserve to lose their money anyway.

>>54050010
Horseshoe theory, anon. We're both right

>>54049972
It's fake.

>>54050024
It's a real etf, but it's the same fucking companies as an index fund would have

>>54049721
>>bank bailouts were made illegal in 2010
And replaced by something worse, Obama was such a conniving piece of shit. They can just let bail ins happen and it would be even more insulting.

>>54050015
They were VCs and tech startups. 50% of all publicly-traded, VC-backed tech companies (any size), by the way.

>>54049989
What a legend.

>>54049259
I hope to god TD ameritrade will be fine even though it's getting absorbed in schwab in a few months

>>54049947
this is so fucking cool. JPow will be finally forced to pivot and my AMD will skyrocket. i'll finally make money!

The speed at which new developments about SVB emerge today makes me concerned.

>>54050057
why is steve buscemi's portfolio public information? is he an elected official or a finance industry employee?

>>54049812
what does it mean if a bank has implied negative equity? bankruptcy?

I perfected the image

Welp looks like the current 20 somethings are up shat creek if this gains any traction. https://www.cnn.com/2023/03/09/politics/nikki-haley-retirement-age-social-security-medicare/index.html

>>54049947
AAAAAHHHH MY PUTS NO POWELL PLEASE I MISSED THE DUMP LET ME MAKE SOME MONEY

Wait where did the picture of the women ringing the closing bell go

>>54050043
>>54049989
>"Fuck it. 20%." -Volker

>>54050040
How's a bail-in worst? At least CEO and execs don't get 200% bonuses on taxpayer's dime

>>54050045
Eh, we'll be fine. By the time the tide reaches the average Joe's TDAs, Fidelitys, Schwabs, and Vanguards, we're in apocalypse mode.

>>54050038
That's not what I mean.
It's fake in the sense that it doesn't have actual women-led or even women-heavy companies, it's just QQQ: higher fees edition.

>>54050073
What does he know?

>>54050073
No, he's just a very open celebrity.

>>54050092
Yeah, they get 200% bonuses on depositors' dime instead, inbred.

>>54049435
I've got 3k in etoro and the site/app's down for maintenance. Are the jews stealing it?

>>54050041
And? Thats the rick they took when they banked with them. Its not anybody elses problem but theirs.

>>54050092
Average person probably has more in the bank than their net contributions in taxes, really depends

>>54050043
Major respect for this man, he did a politically unpopular thing that practically NO ONE wanted. But on a long enough time horizon, everyone sees that he made the right choice.

>>54050082
kek. If anything we are going to gap down for the third time in a row. This event made everyone full doomer.

>>54050113
when those depositors are indian and women tech startups, it takes some of the sting out of it

Why didn't I sell on Friday... CS closed under 3 I said I was going to sell when CS closed under 3.... So much for a housing crash if I can't get my money out of the bank.... Pain

>Powell waits until 11:30am to have the meeting
>when the bank run will start at 9am exactly

Is it really that hard for them to work on the weekend? Boomers are insane.

>>54049947
>when you remember the FED pivot marks the start of every crash
Is this actually it? Black Monday? I mean a bank this big being wiped off the face of the earth in fucking 24 hours is a black swan right?

>>54050097
I know but its a pointless etf

>>54049883
>The dollar is about to collapse
Nigga the dollar cannot fail everyone rushes to buy dollars in times of crisis even in 2008 it was like 30% up

>>54050124
Dominos. Unemployment, b2b, end of bank confidence, etc. It's not rocket science.

>>54050139
No a black swan event would be winnie the poo accidentally launching a missile at Taiwan.

>>54050131
Not everyone is a subhuman like you, pajeeta.

>>54049947
>implying he'll pivoot
100bps emergency rape hike incoming (after by a calm and logical explanation of why SVB were coomers and didn't deserve to get bailed out anyways)

>>54050136
>jpow right now

>>54050186
>>54050186
>>54050186
https://boards.4channel.org/biz/thread/5405018654050186
>>54050186

>>54050136
It's to give the (((bankers))) time to ramp up the stock prices so they can exit their positions.

>>54050143
>confidence
that's the word, right there. the game ends when no one is playing.

>>54049457
untold riches?

>>54047370
I put a cheeky fiver on some FRC and TFC on Friday. We'll see how this plays out

>>54048165
Anon, you know that you are FDIC insured up to 250k?
And you know that Wells Fargo and BofA are just about the safest banks you could have your money at?

>>54047288
>>54047744
>>54047755
>>54047933
>>54048011
>>54048044
>>54048477
>>54048511
>>54048644
>>54048744
>>54048944
>>54048977
>>54049233
>>54049266
>>54049288
>>54049311
>>54049422
>>54049455
>>54049499
>>54049522
>>54049544
>>54049555
>>54049566
>>54049577
>>54049844
>>54049955
>>54049977
>>54049988
>>54050022
>>54050122
>>54050166
>>54050188
Checked.

>>54050426
>1ptbid

>>54049989
>>54050043
Jpow is a fucking pussy we need someone like Volcker to be in charge. Either jpow is incompetent or ask this is on purpose and I'm really starting to think the latter

>>54049769
if you were to take an electron microscope or somesuch device and look upon the hide of a hair lice on a dog or whatnot you would find smaller creatures lurking thereupon, is my understanding, and the next order of magnitude of magification may well show you something similar to your first zooming in, as best i am aware

>>54050636
Go back.