Anyone worried about this? SVB going down might not be the end of it as it looks like Charles Schwab is now in free fall.

    I would think the fed backing deposits should slow the run, but let’s see. The entire world’s economic system is a house of cards and I honestly don’t think there’s anyone who truly understands how it works, much less with any idea how to control and correct it.

      Disappointed with the opening session. None of the big banks dropping too much so far, around 5% which is peanuts. Credit Suisse on life support but have been for weeks.

      303abuser I honestly don’t think there’s anyone who truly understands how it works,

      Buy low, sell high.

      You’re welcome!

      Just remember Blue Horseshoe loves Anacott Steel and you will be fine. See you in the Bahamas.

      • LT42 replied to this.

        Only when the tide goes out do you discover who’s been swimming naked.

        Amps
        Such a shame I can’t be assed to sell it.. I’m open to offers.

        • Amps replied to this.

          Zack we have a thread for this! 😆

          Great day for crypto, some proper gains.

          Hedge with some gold and short leverage if you’re worried don’t make the banks mistakes.

          • C_J replied to this.

            First Republic getting a bailout out no doubt, its flying back up.

            Funky Hedge with some gold and short leverage if you’re worried don’t make the banks mistakes.

            I’m struggling mate. Can we get this en englais please?

              C_J gold is typically inverse to the market as is the US Dollar, best hedges there is if market tanks but the indexes are holding up today.

              Who you trading with? Trading 212 have short leverage stocks 1x, 2x & 3x on most of the bluechips, I’ve been short recently on tsla and now NVDA today. Basically any gains I typically get from shorts I put into my long positions to average down. I’m still a bull but it has to be done the last 15 months have been brutal but we have to be getting nearer to the end of this bear market. Still maybe not in English but best I can do!

              Gold stocks too but make sure they have a good income and balance sheet not some pennystock rubbish.

              I get you now, short leverage stocks ok. Thanks for clarifying.

              I’m pretty much a long-only guy looking for passive income / minimal volatility. focused on longer term macro plays & asset/sector/country selection than individual names. 3x short lev are not in my playbook lol.