/biz/ - Business & Finance

first for nigger

Remember its just money bros.

https://www.youtube.com/watch?v=3Spp3fXX4Es

Reminder that you don't have to go to a bank to withdraw money: You can get up to $500 a day in cashback from Walmart (up to 5x $100 transactions, throughout the day)

>Fixes inflation by burning banks, their cash, and depositors to the ground
Reply "C" to cheer this heroic man

how much SVB do they have?

Actual advice for preventing a bank run lmao
>https://en.m.wikipedia.org/wiki/Bank_run#Prevention_and_mitigation
>Some prevention techniques apply to individual banks, independently of the rest of the economy.
>Banks often project an appearance of stability, with solid architecture and conservative dress.[22]
>A bank may try to hide information that might spark a run. For example, in the days before deposit insurance, it made sense for a bank to have a large lobby and fast service, to prevent the formation of a line of depositors extending out into the street which might cause passers-by to infer a bank run.[1]
>A bank may try to slow down the bank run by artificially slowing the process. One technique is to get a large number of friends and relatives of bank employees to stand in line and make many small, slow transactions.[22]
>Scheduling prominent deliveries of cash can convince participants in a bank run that there is no need to withdraw deposits hastily.[22]
>Banks can encourage customers to make term deposits that cannot be withdrawn on demand. If term deposits form a high enough percentage of a bank's liabilities its vulnerability to bank runs will be reduced considerably. The drawback is that banks have to pay a higher interest rate on term deposits.
>A bank can temporarily suspend withdrawals to stop a run; this is called suspension of convertibility. In many cases the threat of suspension prevents the run, which means the threat need not be carried out.[1]

>>54052635
>"we are aiming for a soft landing"
>crashes the economy into the ground at mach 2

>nigger has the most rational take
We live in interesting times.

>>54052635
CCCCCC

>>54052635
S!

you bought puts right anon?

Remember that the GFC crash (2009) happened AFTER banks were bailed out (2008).

>>54052635
I would have cheered if he just pumped interest rates to 7-9% from the get go with no fucks given.

Im going to wake up in the morning and fresh squeeze some limes
Going to get out the grinder and make some powdered shrooms
Let them soak and pretrip them
Then make myself a big pot of coffee, just right
Before getting my chicken in the oven until its fall off the bone good to make paprikish
So fucking good

Oopsie poopsie

>>54052670
When they talk about the "talented tenth" or "one of the good ones", Charles Payne is among them. One of those Thomas Sowell, Clarence Thomas types.

don't you just love these once in a lifetime happenings every 2 years

>>54052670
no merger + no bailout = ????

nothing else matters

>>54052670
There's a distinct difference between black people and niggers.

>>54052647
Looks like zero, but I just got a list of farmland tickers to invest in

>>54052673
Ironically this time yes it's different. because of the new restrictions and QE.

>>54052696
das my nigga mayne

>>54052647
A swedish pension bought 600 million worth of svb at the start of the week

Show yourself, treasury nigger. I know you're fucking insolvent.

>>54052635
If everyone is dead, will there still be inflation? I think not

TIL there is literally a dot shiksa domain (.shiksa).

Do kikes really own everything? That'd be like me making a .kike domain. What's next, dot goy?

>>54052699
>actively trying to incite a bank run to get the gov to pump his bags
sasuga California

next week:

nignog payne posters

Canadian banks are not immune
https://www.bloomberg.com/news/articles/2023-03-10/canadian-banks-erase-about-14-billion-in-value-on-svb-contagion

ass, blood and guts all over the walls, in the carpet, on the drapes

>>54052691
FUCK YOU

>>54052744
We're apparently better regulated and don't overleverage, however

>>54052750
roblox is too big to fail... think of the zoomers

Not buying puts. Not shorting. Not doing anything to meme some wolf of wallstreet "le bobo" shit. I'm selling at open on monday

>>54052752
Suck on my glorious American tits tiny peepee pooh

>>54052732
>"Death is the solution to all inflation. No man - no inflation."
>"A single layoff is a tragedy; a million layoffs is an incredibly bullish statistic."

>>54052691
I only believe Buck Tardwater scoops.

>>54052775
Ride the tiger you little bitch.

>>54052699
>>54052734
Just posting the news

>>54052775
stay poor

>>54052775
I'm opening a volatility spread against gold and silver, and then pivoting to a short gold / long silver position in a few weeks

>>54052806
oy vey

>>54052775
Need boobajeet gf

>decided to throw a few thousand into the stock market once more
>this time wanted to do it with something I can comfortably hold and even get some divys from
>visa, shell (not worried about this one) and msft
>relatively high positions with them

Im going to get fucked from this bank shit arent I? even if im not getting directly fucked from having my money anywhere involved with this bank the whole market is going to take a fat shit and im going to get burned arent I? Lose no matter what decision I make

>>54052806
what in the hell does any of that mean?????

>>54052844
Lurk moar, faggot.

>>54052836
you should shave anon it's not great

>>54052826
Lets be real, not one of us on this board would know what to do with that amount of booba

>>54052635
C-uck

WHERE'S THE MONEY MR. BANKMAN??? WHERE ARE MY DEPOSITS?

>>54052836
You're gonna get burned if you sell but those businesses aren't going to go anywhere over the next 10 years.

>>54052869
I would open up a volatility spread between left boob and right boob, pivot into a long position on breast milk and a short position on nipples

>>54052892
Can't find it. Maybe under the sofa.

>>54052697
>every 2 years
I hate how long they take

>>54052869
Maybe not you, faggot. The only girl I've ever dated hate had some massive honkers on her chest, never did go for the motorboat though...

>>54052844
Right now, people are dumping silver (an industrial) and going long on gold (a safe haven asset). Gold/silver has a historic ratio. During previous crashes, the ratio was about 120 silver : 1 gold. During good economic times, it was 60-70 silver : 1 gold. It's increasing again, but the velocity of change is important too.

On market open, I expect prices to go fucking insane. What I want to do is, if prices permit, buy a call and a put on both silver and gold. This means that if the price moves sharply (and it will), then I end up profitable. The trick is trying to buy contracts before things get worse (this part probably won't happen).

In a week or two, the ratio will probably be at the high point. At this point, I'll short gold and long silver, expecting a mean reversion. I'll have closed my option spread by this point and be using raw shares. However I will also buy some OTM options as a hedge.

>>54052581
Why aren't markets open 24/7? I'm sure the jews are making all kinds of deals right now, shorting stocks, buying calls and puts. The cattle goyim are left out to get slaughtered during the few hours we can trade.

>>54052806
I'm gonna rob homeless guys of their change cups, dine and dash at an expensive chinese tea house, and gate hop the SIR out to Staten to take a job at a Costco changing tires. I will live on $2 pizza slices and $1.50 hotdogs until the collapse is over.
I know how to say it
>Welcome to COSTCO, I LOVE YOU!
And from me to you, it's a fact.

>>54052795
>by allowing SVB to fail the world has woken up to-
if the VC clowns putting their money in a bank don't know the details of FDIC insurance they don't deserve to be in charge of that much money. the risk of bank failure has always been present, ACK-man is trying to fear monger to ignite a contagion to prove himself right. I'm not even against the whole system going down in flames (AGAIN... damn couldn't they have at least kept it running for... more than 14 fucking years l m a o??) but he's clearly posting this with a self-serving purpose.

>>54052713
Bogged

>>54052917
sad my gf has g cup bumpers and she introduced me to that, may be one day

>>54052921
Best I can do is 23/5 with futures and forex

I need asian gf

13 minutes to movie night! Tonite's feature is Repo Man (1984), the sordid tale of what will happen to all the Tesla model Xs in Palo Alto come monday :o

>>54052921
>Why aren't markets open 24/7?
They need to rest during sabbaths

Are the boomer rock retards right? Do I just close my positions and go all in on gold?

>>54052977
link

>>54052994
Looking forward to shorting it

everybody seems pretty fearfull right now

Reminder that this fucking NIGGER from the last thread thinks his bank is perfectly healthy when he has the same illiquid positions that killed SVB.
>>54052228
>>54052353

>>54053006
i hope i get my tax refund fast enough

i am expecting liek ~$8k

>>54052917
My point still stands

The Fear has only begun we have a ways to go until full capitulation. I still see a lot of Denial and Fear.

>>54053016
don't bet against $kre

>>54053006
And yet, we're not even in a recession. Less than 20% off ATH.

Nothing. Is. Going. To. Happen.

>>54053006
so you're gonna calm us down to buy, and when everyone else continues to sell cause they don't come here, we all stand baggie?
you ain't wrong, but is it done?
>>54052977
link plz
>>54053016
Anon, the risk assessor for loans at the rest of the US banks aren't spending a month doing diversity lending based on Transgender Surgery requests.

>>54052940
250k is chump change, basically no business can run on that

>>54053006
be fearful when others are fearful

>>54053041
sunk cost fallacy

>>54053068

>>54053016
He's right you retard bobo. SVB was over leveraged in a risky investment with no hedges and got raw dogged by Powells rate hikes. The loss of deposits over the FDIC insured amount reduces M2 money supply and will increase unemployment which will reduce aggregate demand which brings inflation down. The tech trannies need to learn how to lay rail.

>>54053110
>>54053068
stop trying to save the world it's ogre

>>54053096
Gib

Look at these people. Wandering around with all thinking the financial market is about to explode. They have no idea what is going on.

I just explained to my GF who is twice my age the bank collapse situation. I am 25, God I love mummy GF's who say "my good boy is so smart".

Can we bears stop winning already, cash gang on stand by too!

>>54053130

Where my upro niggaz at?

I'm sitting on 103k cash right now. I may soon be able to buy my first house for cheap

>>54053068
>>54053110
>>54053145

I went 100% SQQQ in Friday After hours.
How heemed will I be on Monday?

Movie night movie night, get in here! Tonite's feature is Repo Man (1984)!

>>54053124
>increase unemployment which will reduce aggregate demand which brings inflation down
I'm thinking bullish for equities nigga

>>54053164

>>54053174
>Not Margin Call
Bro, if there ever was a time.

>>54053182
>>54053164
Exit liquidity. You'll be rewarded if you can hold to the bottom. I have an SPY spread as insurance that will pay off handsomely at 240. Also 80 VIX

>>54053124
On paper, they had enough capital on their balance sheet. The problem was that they used the same retarded accounting scheme as nigger-anon from the last thread was suggesting, and counted illiquid assets as liquid capital. When scared customers showed up to claim their money, the bank imploded because they couldn't liquidate the funds in time.

>>54053130
Her first romantic kiss was Brad Pitt when she was a cunny (age 11).

>>54053025
>i am expecting liek ~$8k
How? Das a lot nigga

>>54053201
I was thinking It's a Wonderful Life

>mumus
>bobos

>>54053136
we don't post for ants on these parts

>>54053208
>When scared customers showed up to claim their money, the bank imploded because they couldn't liquidate the funds in time
Which is what the bear thesis from ACK-man and others currently pushes: bank runs
Did you leave your house this weekend? I did and you know what I saw? People were out shopping and engaging in typical consumerist behaviors. Swiping their cards for good and services. They've never heard of this bank and their bank works just fine and will insure them up to $250k which, lol, lets be honest most Americans don't have that in a bank.

>>54053041
>Nothing. Is. Going. To. Happen.
Yet
>we're not even in a recession
Yet

>>54053274
Anon that was panic buying.

I withdrew 6k in cash from my local Wells Fargo this morning (they're open 9am - 12pm).
Uhhhhhhhhhhhhhhhhhhh what's that? Its bad if I withdraw MY MONEY?

Not
my
problem.
Cry about people not losing their jobs more.

this is my first bank run no cap

Kek baggies

>>54053274
Most don't have $1000. I was eating at Golden Corral once... I know, I know... I overheard a landwhale single mom with her soon-to-be new boyfriend (car mechanic looking guy):
>guy: if you can guess what # i'm thinking I'll give you $1000
>kid: 5
>mom: you don't have $1000!!! (shit-test for the guy)
>guy: *leans back* you don't know how much I have *wink wink*

It was kinda sad.

>>54053201
The best movie of all time.

I'm getting flashbacks of years back when china's banks were failing and everybody was screaming ITS HAPPENING GUYS

>>54053334

For me, it is Heat (1995).

>>54053218
That's a very fitting one too.

>>54053340
What happened at that time?

>>54053299
Bullish for Walmart! (Ticker: WMT)

What a time to have no money to invest. I want puts on Wells Fargo and small banks. Easy money.

I think this whole thing is slightly overblown, but the hysteria will linger for a few weeks.

>>54053180
>>54053216
>>54053262
>>54053295
The post after me is going to jail for giving illegal financial advice and this is his cellmate.

>>54053386
Right around the time the evagrande shit was happening there was also a bank run of sorts, turned out to be a nothingburger

>>54053394
Hysteria *is* what decides whether it's overblown or not.

Guys it's over and the yield curve still inverted..

How many crisis's are we going to get this year?

Kek baggies

take me bacc

>>54053417
Reminder, it's not about the inversion, it's about when it snaps back to normal

>>54053396

>>54053416
Yes, whatever action the fed takes decides how severe this bank run. Hope they've cooked up a good PR statement to release to the masses.... and I don't mean the 'semi-in-the-know finance online people", I mean the MASSES.

Monday is gonna be a key day.

So, we're buying the dip?

>>54053479
We don't even understand the dip

>>54053479
Thinking we're gonna get a slow bleed downward to fuck over the impatient shorters

>>54053415
Why did you do it? Why anon?

>>54053479
wanna hold hands?

Normie here on vacation from another board. Just wanted to ask, are you all going to once again tell us we're going to be socializing your losses after you've privatized profits for the past 15 years?

Now if you don't mind, I'm going to go wash off the filth of late stage capitalism from posting here

>>54053124
what does that graph mean

>>54053479
We are currently meeting to discuss establishing a fund to provide backstop liquidity in the event of a sudden market dislocation, colloquially referred to by some as a "dip".

>>54053525
it could be worse

>>54053525
Depends. Do you want your disease-ridden Bay Area polycule to keep getting paychecks from their do-nothing jobs?

>>54053000
>abstract post by a retail investing plebbitor

What made you think anybody cared

>>54053525
>you all

Nobody here is getting "bailed out", kiddo. Redirect your anger to Twitter and take your funko pops with you.

>>54052581
Don't worry the Fed will save us just like they always do.... right?

>>54053539
>>54053548
>>54053555
Oh, so we are. Thank Christ, I was starting to get worried that capitalists would have to personally cover a loss for once

WHEN I SAY BAIL
>YOU SAY OUT
BAIL

>>54053600
I don't support a bailout and I'm pro-capitalist.

This is a huge nothingburger anyways, FDIC will come up with most of the funds, it's just a liquidity crunch.

>>54052920
bro shut the fuck up about pms

>>54053530
That they were completely exposed to risk of losing it all. For example FRC has a much stronger balance sheet. Branch customers coming to make large withdrawals couldn’t add up to a drop in a bucket. In the case of SBV the bank will be wiped out, but the depositors will likely be made whole.

>>54053606
OUT

>>54053632
Why?

>>54053600
Funny enough it's is a government insurance fund that's about to be drained, because a bank was bagholding government debt on account of policy from the government's central bank.

The smart libertarian crowd bailed scot-free on Thursday while sois will be in FDIC limbo for weeks and months.

>>54053606
OUT!

>>54053668
>a government insurance fund that's about to be drained, because a bank was bagholding government debt on account of policy from the government's central bank
Kek but government is the central banks not the other way around

Stay the course.

>>54053719
If that were the case, then Jerome Powell would've called Maxine Waters a dumb nigger and walked out of his testimony last week.

We are NOT in a recession.

holy shit turn on cnbc

shorting wells fargo with 5x leverage
either the banks die or i do
wish me luck retards

>>54053761
the new mayor get inaugurated?

>>54053747
The circus doesn't allow it. You can't break the suspension of disbelief by making such a clear power play.
Yes, they are in control, but like all of history, the sword of Damocles is still there. They're outnumbered, and if the goy see them, way out gunned.

>>54053747
It's all theater. They are all actors putting on a coordinated show. Meh

>>54053638
this looks like a nothing burger
most banks have liquidity outside of HTM securities, right? it seems like selling all of them was a last resort for SVB

>>54053790
The inauguration was interrupted by lightfoot decending from the heavens in her space ship! ALIENS ARE REAL AND THEY'RE ALL DEMOCRATS!

>>54053761
And nothing of value was lost.

Qaud Witching* this week

Triple Witching

good finance chat that's been going on all day

https://twitter.com/i/spaces/1OyKAVrMzADGb

had guests like Mark Cuban and Bill Ackman earlier

>>54053827
Yes and no. The best actors are those who believe their part, and don't know better.
This kind of street theater is closer to stage improve, only you have to accept that not all the characters aren't in on the gag.
I wish I was better at it myself, to some degree, but it really takes being ok with being in a whole lie.

>>54053854
what does this mean exactly?

>>54053810
>the sword of Damocles is still there
Based protocols of learned elders enjooyer

>>54053606
IN!

>>54053884
You'll have to ask Mott Capital.

>>54053874
>The best actors are those who believe their part, and don't know better
Based. I have often said they are actors who don't even know they are acting, filling a role. I think we are on the same page.

>>54053884
triple witching is three witches at the same time. as opposed to quadruple witching, which is a full four at the same time, the maximum possible.
https://www.investopedia.com/terms/t/triplewitchinghour.asp

>newgrounds
>4chan
>zerohedge
>somethingawful forums
>craigslist
>ebay
>not affected by dotcom crashes, stock market crashes, bank collapses at all

It really is impossible to kill the cockroach parts of the internet isn't it? Forces of evil just cant stop the autists and schizos.

>been holding life savings mostly in cash for the big crash
>it's all in one account for my tiny hometown credit union
I memed myself

Bill is the man with the plan

>>54053884
stock options,
stock index futures
stock index options contracts expire

Why does money have to be so sus, /biz/?
Why do banks have to be a speculation business?
Why can't a bank just hold money.

>>54053884
https://www.youtube.com/watch?v=KCLEzIdxPZY

>>54053943
computer science major

>>54053831
I kind of hope they make it a somethingburger because incompetence doesn't explain this away.

>>54053933
thanks for the info
>>54053958
if he works for any part of the media this is liquidity bait. Getting normies to open shorts on the market while it pumps.

>>54053971
YJK

>>54053966
It's all made up, anon. The whole thing. Humanity just created this fucked thing and we all have to live with it.

>>54053958
What a kike. Yes, Bill. We DO assume this based on your (((past behavior))).

>>54053976
Cringey mother fuckers no wonder they failed.

>>54053874
>but it really takes being ok with being in a whole lie.
I know what you mean. That's why I have chosen the comfy path. Or maybe the comfy path chose me. And maybe the comfy path isn't so comfy afterall. I'm ready to get back in the game. Reemerge with impenetrable discipline but not obsess over every intraday peak and valley

>>54053884
It means there will be a great battle.

>>54053964
With half of all options activity now 0dte trades, every day can become a witching

>>54053987
I mean, weren't those "investments" locked in at 10 years or something? I mean if the Fed hikes rates a short while ago, realistically what the fuck is he gonna do?

If you get the gist of what I'm talking about... I don't know the exact terminology.

>People are trying to pull money out of banks here in Cache Valley, Utah and the banks aren't letting them. Zions Bank, US Bank, Bank of Utah, Cache Valley Bank, America First Bank ATM

Ruh roh

>>54054047
don't blame us you wrote them

"arbitrage opportunity"

>>54054059
Can never resist slurping on some juicy theta.

>>54054073
>arbitrage opportunity
How does this work now with the interwebs connecting you to all the exchanges

>>54054051
Makes me wonder if big banks are even gonna bother with bonds dated longer than a year after this stuff

>>54054109

*screeching tone*
This is not a test, this is your Emergency Broadcast System. Announcing the commencement of the annual stock purge sanctioned by the U.S. Government. Bearish positions (long inverse ETFs, long puts, naked calls, short selling, long USD, long VIX) have been authorized for use during the purge. All other positions are restricted. Commencing at the siren, any and all selling (including naked short selling) will be legal. Circuit breakers will be unavailable until Tuesday morning at 8:30 a.m. when the purge concludes. Blessed be our new Federal Reserve and America... A nation reborn. May God be with you all.
*siren blares*

I hope the Fed and Jerome eat shit

>>54054051
But to not hedge at all? AT ALL? Moral hazard is at play. This is more than incompetence.

In a just world, dude would be indicted on some form of fraud/negligence.

So what's the move here? wait a month to see the fallout then start buying? Go a good amount of cash atm and don't really know much about stocks I just put money into my roth-ira and mutual fund. Keep doing that?

>>54054152
jerome plays the x-axis he's chillin

Should I be happy or worried I have $140k cash in Vanguard and $40k cash in Fidelity? They should stay solvent roight?

>>54054152
You want to take those words back, bitch?

>>54054093
That's a nice image..

>>54054194
>They should stay solvent roight?
no. you should log in and sell all your stocks at market open just to be safe...

>>54054194
Yeah, they're chill. Individual brokers will have pages explaining what bonus insurance coverage they offer but at a minimum they're covered by https://en.wikipedia.org/wiki/Securities_Investor_Protection_Corporation

>>54054194
You're fucked dude. It's over.

200b in cash assets just got wiped out. That's 1% of the entire money supply. Given how much leverage is embedded into the system it's realistically closer to 10% of the entire money in the country that just up and vanished.

>>54054194
They’ll be fine

>>54052670
I think this should let everyone know a bailout isn’t coming from Congress. Everyone he got hit so far are BIG dem supporters. The same ones who put Biden in office. You won’t hear much of that though.

>>54052696
>one of the good ones
Stfu loser

>>54054194
Id go cashgang or bobo for the midterm. We have 2 more years of this

>>54054250
get out of here jim

>>54054239
I'm all in their money market funds (cash)

Don't ever give that bitch Margin your phone number. I heard she's an asshole.

>>54054159
>intern or peel-away diversity hire gets 10 years at the Pound Me In The Ass Federal Prison
>millions of boomers can't retire now because their money is gone
>zoomers get fucked
Just world indeed

>>54054123
Your guess is as good as mine, anon. Definitely a different economy today, as far as I can tell as a young investor.
>>54054159
Moral hazard is at play, and it's total bullshit that this (these) bank(s) thought that the land of milk and honey from tech in the last 15ish years was going to last forever.

I go back and forth on whether or not we should do a bailout/buyout, as the issue doesn't appear to be solvency as opposed to just a bank run. Most of these rich VCs will get 90 cents on the dollar and a lesson they won't forget, their shit will just be tied up in FDIC hell for a while. I normally hate siding with the NPC mob who screams "no bailout" from their Walmart scooter, but their is somewhat of a point there. Blockbuster workers didn't get a bailout. Bed Bath and Beyond workers didn't get a bailout. Middle class workers who got hit during the housing crisis didn't get a bailout.

The argument of "people will lose jobs!" doesn't always matter. Only seems to matter because it's rich VCs and Chewy.com type fluff companies that are hurting. How many manufacturing facilities have closed in this country in the last 50 years?

>>54053274
The people you were seeing were the same people buying houses with subprime loans in 2006. They’re already fucked they just don’t know it. The bank run signal is for their employers.

>>54054330
Did you run your bank today anon? First thing on the agenda monday morning?

Making a huge mistake

>>54054330
I disagree. The anon you're replying to is right. This is somewhat of a nice issue to normies. They're too insulated to notice the direct effect.

The average American will have no issue accessing their funds. It's important they beat that message into the general public's heads.

>>54054376
*niche

>>54053951
Seriously though, what should I do? I'm fucked if this tiny bank just poof disappears. I also have about 50k in robinhood. Boy, if there was ever a bad time to use the shittiest broker.

Not your cash not your money

>>54054350
>signal is for their employers
I didn't read up to this part desu because I stopped reading after the 2006 drop. But please refer to the chart in >>54053124
This is a shit bank that made a full risk on wallstreetbets retard investment and got cleaned out. Never once did they act to prevent it either. You can read look at the books of other banks yourself and see that they are no where close to complete lack of risk management displayed by SBV. It's a shit bank that just robbed their costumers blind lol.


https://youtu.be/lE3ZXFf6Yd8

>>54054454
Move any amount over $250k into a separate bank or credit union: https://wallethub.com/edu/sa/ncua-fdic-insurance-limits/10877

And hit yourself over the head for being so retarded as to hold your life savings in a bank's checking or savings account rather than a money market fund at your broker*. You're probably losing a few % a year for no reason.

*Robinhood does not count. You have big boy money, get a big boy broker. Vanguard is good, rock solid, cooperatively owned, and puts up enough bumpers for you to avoid hurting yourself.

BLACK SWAN EVENT

>>54054194
Brokerage cash is insured up to $250k by the SIPC.

>>54054523
Shiiit, he might be telling the truth.

>>54054523
CLEAN IT UP FEDIES

>>54054514
>BRO JUST SIDE HUSTLE
>MAKE MONEY USING YOUR ARTISAN SKILLS
>BE YOUR OWN BOSS
>WORK YOUR OWN HOURS

>>54054194
buy the dip monday, become the exit liquidity

>>54054565
we're fucked, aren't we

>>54054514
>This butterfly effect because everyone lives one missed payment away from disaster
Now imagine there's a cyberpandemic or solar flare taking out the internet so no payments get processed.

>>54054599
Nah, only if you're long regional banks. Or living paycheck to paycheck in the bay.

Powell will support unlimited FDIC backing if need be: https://twitter.com/NickTimiraos/status/1634673235982680065

>>54054569
Kek.

>>54054577
>BE YOUR OWN BANK TOO WHILE YOU'RE AT IT APPARENTLY
The worst part of this is cryptofags being given more ammunition.

>>54054637
Baggies

OH FEDIES

>>54054661

>>54054350
I took my money out of my regional bank on Friday morning after I heard Peter Thiel called in a bank run.

>>54054376
They may not understand what’s about to happen but it’s no where near as nice for them. I used to bank at WAMU with much less than $250k. Don’t believe the hype. Normies will get their money back sure, but it won’t be immediately. They will also lose their jobs. This isn’t a 1:1 scenario with 2008 but the rhetoric is almost exactly the same. Oh everything will be fine. This won’t spread, etc, etc. It’s all bullshit. When guys like Ackman shoot their nut it’s not to initiate panic. It’s to spread the panic that’s already there to get a quicker result. The normies won’t pick up on this until the third bank failure and it’s non stop on the news.

LIFE WILL NOT BE WORTH PARTICIPATING IN UNTIL EVERY NIGGER, GOOK, KIKE, AND FAG IS SKINNED ALIVE IN FRONT OF ME.

>>54054569
No.

>>54054523
>>54054661
If they haven't changed procedure in the last decade or so, the FDIC being on site is yuge. Worthwhile 60 Minutes segment about them: https://www.youtube.com/watch?v=TAE8i40A5uI

>>54054686
Someone get this hothead outta here!

>>54054686
Post of the thread right here.

I can't stay connected to the network. Too much solar flare. I'm getting wifi signals from 2 blocks over.
I hate movies with a moral.

I would have made buckets of money off SKYT if Jerome hadn’t fucked us with a bank implosion.
I’m so salty right now it’s unreal.

>>54054721

>>54054734
Look on the bright side: if you keep your job the next few months, you should be able to bag a few shares at $5.

Imagine using a small/regional bank.
This post brought to you by Chase gang.

Please tell me PNC Bank is safe, they sponsor a race car...

>>54054734
Looks like my $15 calls on the 15th are expiring worthless. Fuck.
>>54054679
Maybe. I agree that another bank failure will get mainstream traction, then it's a different ballgame.

Time for puts and shorts. Everyone is else is selfish. Fuck it.

>>54054764
IM ALREADY ALL IN ANON I AM 100% IN WITH A $9 COST AVERAGE THIS WAS GOING TO BE THE BIG ONE FUUUUUCK IM SO MAD GUYS JEROME YOU CUNT BITCH

>>54054511
Thanks anon. I'll do that and enjoy the journey down. Boy, I was so close to quitting a big stable corporate job last week. Thank fuck I pussied out.

>>54054778
I can't think of any reason the average bank is going to be fucked. I would imagine most small regional banks don't bet on gay pride parades and gender transition survivors.
>>54054740
You really can say that about everyone. If the baker doesn't get up and bake, you don't get fresh bread. Relax, have a smoke, dip your feet in the water.

>>54054848
Niggers. All of them

>>54054806
Yes, they are big and stable. They might have to cut back on their race sponsorships because cash is getting tight but, hey, tough times, sacrifices must be made.

>>54054848
STOP REDEEMING THE DEPOSITS

>>54054806
That car is an optical illusion

So we're going short now?

>>54054820
kek, well this is roughly the time where the dollar cost average meme pays off.

>>54054661
>>54054523

Kek baggies

>>54054868
Oh good. I also have like half my money at PNC Bank for the sole reason that they were the bank on my campus when I was in college 18 years ago
>>54054883
It's just a weird angle I think

>>54052672
haha...
I expected the bounce off the support levels, not a bank run

>>54054848
STOP WORKING OVER THE WEEKENDS WE CANT EVEN TRADE AND THE REGULATORS AREN'T WORKING WHY ARE YOU FAILING NOW JEWS ALL OF YOU DOING THIS SHIT OUTSIDE OF MARKET HOURS REEEEEEEEEEEEEEEE THERE IS NO REASON FOR IT

>>54052581
/smg/ always has the best OP pictures

>>54054868
Incorrect. The time to advertise is when everyone else isn't. Or, that's what the advertising salesman says.

BREAKING: AAPL KEPT $50 BILLION CASH IN SVB AND IT'S ALL GOING TO $0 SELL SELL SELL REDDIT SELL

>>54054920
Kek shorties

I also sold $30k of SQQQ on Friday lol

>>54054940
Buffet btfo

>>54053525
>>54053600
Real capitalism has never been tried, chud.

>>54054915
>Oh good. I also have like half my money at PNC Bank for the sole reason that they were the bank on my campus when I was in college 18 years ago
They're apparently decent if you've got their high yield savings account (4%), otherwise the rates are ass. You can see what money market funds your broker offers to avoid missing out on that; MM funds have pretty much identical risk and insurance coverage.

>>54054940
prove

>>54054981
Yeah, I'm actually getting the 4%, which I'm surprised by.

>>54054937
Well, I stand corrected. If you can't trust a salesman, who can you trust?

>>54052698
Trump's press secretary really hit hard times

>>54052713
Typical swede move

>>54055008
Scaramucci was a gem.

>>54054993
Some guy was yelling about Trance Abuse. Fuck him. I call that the faith of my forefathers.

>>54052836
This is why you DCA anon

>>54055037
>Trance Abuse

>>54052921
It open season at the golf course, you can golf right?

>>54053987
>incompetence doesn't explain this away.
Of course not.
"le always assume they're stupid" is such a blatant deflection that I don't believe people still fall for it.

>>54052713
Europeans are complete and total retards when it comes to economics and the markets. They are all like 5 years behind the curve with the latest developments... talk to a European today about the global economy and theyll still drone on about the rise of tech and China like its still fucking 2015. Complete and utter retards.

Everyone has puts so we will moon.. right? RIGHT?

>15 months into bobos "big crash"
>SPX isn't even down 20% from ATH
Kek, do you bobo losers ever get tired of losing?

THIS IS JUST FUD
THE MELT UP IS COMING
SQUEEZE THE SHORTS

>>54055087
No I tried a max pain contrarian strategy on QQQ when the markets were dropping two days ago and it the price blew right past the strike price of a massive cluster of puts.

>>54052700
I used to think so. A black always becomes a nigger, or is already a nigger but you havent seen it act like one yet. Some have enough white in the to hold back for a little longer. In the end its always the same. Nigger dont be like it is but they do

>>54055115
Yrah, the situation isn't 100% certain. It could be a nothingburger.

>>54055118
I exited before it could melt up. There wasn't any strength behind a bearish move until friday.

>>54055115
JPM can stomach more unrealized losses (i.e. hold these bonds for another 10 years rather than selling them today for much less) because they're subject to much more stringent liquidity requirements and are a big chungus bank (official term from Basel III regulations)

>>54055151
my mistake i meant thursday when it touched the line of death to create a lower high. Wednesday was when it went flat for the most part and ended positive. I had to take a small loss there, but easily made it back thursday and friday.

So, what is going to happen?

>>54055235
Do I look like Nostradamus?

>>54055244
Maybe...

>>54055235

BULLISH

>>54055168
Imagine thinking some shitty regional is on par with JPM. These russian blackop provocateurs don't even into scale before they lose their shit.
I'm not saying it's gonna be a clean road and ATH monday. But it's just goofy af that these guys are filling up the soc media with horror stories of unrealized losses in the tens of Billions (woah) when JPM balance is +3Trillion.

>>54055235
I'm gonna shid and fard until it is done.

>>54055244
Could you try?

>go to /his/
>no one there actually knows any history
>but they're all pretentious red ditors who think they do
What is it with 'intellectual' boards that attract mouthbreathers?

>>54055284
>These russian blackop provocateurs don't even into scale before they lose their shit.
This, everyone posting doomer bankrun FUD can be assumed to be a vatnigger.

>>54055306
Anon, I…

>>54055298
why was the civil war fought?

>>54055329
>>54055329
>>54055329

>>54055329
>>54055329
>>54055329

>>54055336
Money.

GOING FULL RETARD ON FAZZE, $2 SOON

>>54055335
50 Billion is about 1.5% loss against total holdings, Unrealized.

>>54055284
>>54055306
It doesnt matter what you think. What matters is what the market thinks. Do you think normalfags know their dick from their ass? If they get spooked, they are going to panic like goddamn CATTLE.
Suppose there is a bank run - that has financial implications for everyone.

>>54055373
>you can't just talk to each other
I guess I can.
I'm as excited to see any direction after Feb crab as anyone. But unless your goal is your own financial failure, be able to know the difference between everyone else panicking, and a fundamental reason to panic.

I'm fucking retarded and don't know or understand any of this despite lurking for a while. I have most of my money in Chase, some of it in cash, and some in Vanguard; am I fucked or not? Bonus: how can I make money off of this? Goddamn it sucks to be stupid.

>>54055115
how do you decide who to listen to
to whom do i listen

>>54055235
It will spread to more banks n stuff for a week. FED/Gov’t will buy almost every small bank and more shit will get consolidated into GOVT/Major banks.
Then gov’t will do everything to make sure people get heir bank deposits asap. Crypto backed shit may not be insured leading to crypto laws and people not being fed insured like advertised kek. Then congress bitches and moans for a year or so then “solves” the “problem”
I think something like this

>>54055510
Back in 08 we decided that pawnshop owners were probably in the best position in most cases, assuming they were willing to take the physical risk of crackheads and gangs.
Having a surplus of tools and assorted useful items could sustain a man even if he couldn't sell them.
Figure out a way to rent those tools to the hood in exchange for food, and you'll stay alive and fed even in the worst of economic times. But that's full on collapse of society type shit.

If you're worried, add another bank. I won't swear on Vanguard, but they're likely the safest house on the planet. Excepting that they are forced to trade in the same clown market as everyone else, there behavior appears, to me, to be top notch good faith.
Your cash is good for the hoodrats. If you're escaping a city on day one or two of a massive disaster, spending a bunch of it to get through a hasty check point may save your life.
You can make money of any collapse by owning property and renting barren rooms with washable pads and sleeping bags, billed by a "half day" 11 hours. The extra 2 hours makes sure the room is clean and sanitized and you're not chemical burning the guests.
>>54055559
50 Billion isn't even 1.5% of JPM's holdings. And it's unrealized. Plus, most of those shares pay divies.
There will be some shit going down, but as much as I hate JPM for being the king nigger of the US fed, it's not going down on the last 2 days. And most regional banks aren't invested in the market.

>>54055510
>I have most of my money in Chase, some of it in cash, and some in Vanguard; am I fucked or not?
Nah, for one you don't have over $250k. For another, if those places crash, your problem isn't money. Your problem is finding food and drinkable water.

>Bonus: how can I make money off of this?
If you're stupid, this is not one of those slow & easy times where you can make money. If I say "buy KRE puts, hedge with BNKU" you'll have no idea what events to watch, or the stoploss & profit targets to use.

>>54055656
FUG, this sounds rather grim. Hoping shit doesn't go completely wrong if the result is some fight for survival situation.
>>54055661
>If I say "buy KRE puts, hedge with BNKU" you'll have no idea what events to watch, or the stoploss & profit targets to use.
Fuck, you're right. I can try to decipher your advice using the resources in the OP I hope, so I'll start there. Thank you anon(s).

>>54055336
The british

>>54054523
So, they will bail the banks out again like usual. It would be disappointing if it all becomes a nothingburger.

>>54055880
Funny enough, if you want to fuck over the big Wall Street banks, you should cheer the Feds stepping in and printing money here. Chaotic bank runs that force every mainstreet credit union into a fire sale is exactly what your Goldmans and Citigroups want.