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(Thread IKs: skooma512)
 
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Brain Curry
Feb 15, 2007

People think that I'm lazy
People think that I'm this fool because
I give a fuck about the government
I didn't graduate from high school



Lessail posted:

scrolling as i'm making GBS threads don't want to miss the torrent of posts

im also producing a torrent while scrolling

https://youtube.com/watch?v=Y7pz7CqWTMs

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Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
I love the economy

Nothus
Feb 22, 2001

Buglord
BTC up 17% on the day so far. lmao

Red Baron
Mar 9, 2007

ty slumfrog :)
BTC ATH by tomorrow

HallelujahLee
May 3, 2009

Nothus posted:

BTC up 17% on the day so far. lmao

hahaha

Tom Tucker
Jul 19, 2003

I want to warn you fellers
And tell you one by one
What makes a gallows rope to swing
A woman and a gun

The govt sent a giant signal that it would prop up banks exposed to crypto volatility so lmao of course it's up

antipattern
Nov 8, 2019

HallelujahLee posted:

banks collapsing and the market is in green it really is utterly detached from anything

listen here, the market is full of rational actors and it is not a funny money slot machine completely detached from material reality

TeenageArchipelago
Jul 23, 2013


is this good for Tesla?

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

SKULL.GIF posted:

Stock market appears convinced we're going back to zero interest soon because of all these banks collapsing.

Cuts are starting to be priced in lol

Nothus
Feb 22, 2001

Buglord
Crypto bros vindicated. BTC is too big to fail

Wraith of J.O.I.
Jan 25, 2012


Tom Tucker posted:

The govt sent a giant signal that it would prop up banks exposed to crypto volatility so lmao of course it's up

capital told capital it would prop up capital, which made capital happy

HallelujahLee
May 3, 2009

i hope they raise rates by at least .50 just to watch these worms squirm but ultimately that just screws us over

spacemang_spliff
Nov 29, 2014

wide pickle

Nothus posted:

Crypto bros vindicated. BTC is too big to fail

lol

lmao

lets go unregulated securities love da unregulated securites

SirPablo
May 1, 2004

Pillbug
My worst performers today are airlines.

mad.radhu
Jan 8, 2006




Fun Shoe
everything owns

SKULL.GIF
Jan 20, 2017


Nothus posted:

BTC up 17% on the day so far. lmao

🚀🌙

SpaceDrake
Dec 22, 2006

I can't avoid filling a game with awful memes, even if I want to. It's in my bones...!
Things are trending back upward for some of the banks now with some the day traders and robots having managed to buy the insane dips,, but compared to Friday close it still looks like the apocalypse out there

And First Republic is just lying in a pool of its own viscera

I'll be curious to see how hard the banks get run today and the rest of the week

coelomate
Oct 21, 2020


Some Fed speakers are gonna have to grab microphones soon and let mr. market know if ZIRP is really back in 9 days or whatever. This is a pretty wild realignment.

SKULL.GIF
Jan 20, 2017


https://twitter.com/NorthmanTrader/status/1635297778242043908

Pepe Silvia Browne
Jan 1, 2007

the same weekend
https://www.youtube.com/watch?v=M4BXyC3kHSU

webcams for christ
Nov 2, 2005

Thank You Joe

https://twitter.com/bbcbreaking/status/1635291796627660801

Bearjew
Apr 18, 2017



come on fed, interest rates back to zero

HallelujahLee
May 3, 2009

lets get inflation up to 69%

F_Shit_Fitzgerald
Feb 2, 2017




Most Progressive President Since FDR! (tm, all rights reserved)

webcams for christ
Nov 2, 2005

wait what lmao

https://twitter.com/firstsquawk/status/1635298380594442241

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
https://twitter.com/JustinWolfers/status/1635296789661372418?t=Ay579HLF-_VIhK_0nvVucw&s=19

Incredible crimes
https://twitter.com/fxmacro/status/1635295275173683204?t=PcpwfsuGuj0BklmfDl24Zg&s=19
https://twitter.com/ForexLive/status/1635296136775753729?t=6ZGiqA4q9jmoWjcY2PhQ5Q&s=19
https://twitter.com/PriapusIQ/status/1635296075149082631?t=sppGBpswjS4gzhmig83hhA&s=19

Relevant Tangent
Nov 18, 2016

Tangentially Relevant

Buffer posted:

Does the FDIC have the cash to backstop 3 more banks to 100%?

yes and also they won't have to
stock price loss doesn't match with not having enough money to pay all your deposits

ScootsMcSkirt
Oct 29, 2013

HallelujahLee posted:

i hope they raise rates by at least .50 just to watch these worms squirm but ultimately that just screws us over

seems like we will get screwed no matter what happens. Plenty of blood to go around, might as well screw over the wealthy

FlapYoJacks
Feb 12, 2009
lol wtf is up with number today?

- woke up at 0800 number red all stocks down.
- finished catching up with the thread by 08200 number up????????????

bedpan
Apr 23, 2008

wait, I was told that bailing out SVB was impossible and that there existed no legal mechanism to do so?

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.
https://stocks.apple.com/AhMVbRqT1SB2VOOLcG1tBOQ

Dow jumps 200 points as investors bet SVB shock will get the Fed to back off hikes: Live updates


Who said this was going to be the narrative of today?

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

FlapYoJacks posted:

lol wtf is up with number today?

- woke up at 0800 number red all stocks down.
- finished catching up with the thread by 08200 number up????????????

Markets are convinced the fed will pause or cut rates now

Thoguh
Nov 8, 2002

College Slice

The fact that depositors were almost assured of getting the overwhelming majority of their money after a fairly short period of time is part of why this move was so insane. The rich people weren't even going to take more than a minor loss on this, if any at all! Any reasonably well run company caught out of sorts by this would have been able to find a way to get some cash flow for the time period between now and when their money re-appeared and any rich person caught out by this would have simply had a little less money for a few weeks or maybe a few months at most. There was no need to do this!

Thoguh
Nov 8, 2002

College Slice

bedpan posted:

wait, I was told that bailing out SVB was impossible and that there existed no legal mechanism to do so?

Laws aren't real.

Relevant Tangent
Nov 18, 2016

Tangentially Relevant

Pepe Silvia Browne posted:

good call,
mods, could be we get Hootington made IK again for the new thread?

mewling for the mods should result in a month's sojourn to d&d where you'd obviously be more comfortable

FlapYoJacks
Feb 12, 2009
I will be IK and make sure number (of LT probes) go up!

Second Hand Meat Mouth
Sep 12, 2001

bedpan posted:

wait, I was told that bailing out SVB was impossible and that there existed no legal mechanism to do so?

they invented a new thing called the not-bailout that has the same material effects as a bailout

atelier morgan
Mar 11, 2003

super-scientific, ultra-gay

Lipstick Apathy

FlapYoJacks posted:

lol wtf is up with number today?

- woke up at 0800 number red all stocks down.
- finished catching up with the thread by 08200 number up????????????

i favor the interpretation that the indexes are green because investors expect bank failures to result in a return to zero for interest rates

Relevant Tangent
Nov 18, 2016

Tangentially Relevant

RandolphCarter posted:

members of that group chat that led to all of this are gonna wind up suicided

good
:guillotine:

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Good Soldier Svejk
Jul 5, 2010

Gonna need an alt check on Pepe and Hoot

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