Any traders, or market-watchers here?
A great time to target soft pickings, if one is an adventurous investor.
With SVB (Silicon Valley Bank) on the brink (almost except its UK holdings courtesy of HSBC), and Fed. Res. announcing it shall not be bailing it out on Sun., US Banks are heading downward turn as to their stocks, and net worth at a fast speed with some losing as much as 75%.
20 major banks are being hit, some with trading halts.
At lunch time, US Eastern time, here is the tally thus far:
- Western Alliance down by 75% (trading halted)
- First bank down by 67% (trading halted)
- PAC West BankCorp down by 35% (trading halted)
- Stocks for Citi, JP Morgan, WF, BoA, US Bank etc are in the wind.
- SVB's 200 billion USD assets almost wiped.
- Signature Bank's 110 billion USD assets seized by the US gov't.
HSBC poised to pick SVB's interests in the UK on the slide.
I suspect most of you are students, but those amongst you with financial instruments, interests, and investment might want to consider diversification, and realignment. Better yet, go on the hunt for soft pickings, if with some capital.
A great time to target soft pickings, if one is an adventurous investor.
With SVB (Silicon Valley Bank) on the brink (almost except its UK holdings courtesy of HSBC), and Fed. Res. announcing it shall not be bailing it out on Sun., US Banks are heading downward turn as to their stocks, and net worth at a fast speed with some losing as much as 75%.
20 major banks are being hit, some with trading halts.
At lunch time, US Eastern time, here is the tally thus far:
- Western Alliance down by 75% (trading halted)
- First bank down by 67% (trading halted)
- PAC West BankCorp down by 35% (trading halted)
- Stocks for Citi, JP Morgan, WF, BoA, US Bank etc are in the wind.
- SVB's 200 billion USD assets almost wiped.
- Signature Bank's 110 billion USD assets seized by the US gov't.
HSBC poised to pick SVB's interests in the UK on the slide.
I suspect most of you are students, but those amongst you with financial instruments, interests, and investment might want to consider diversification, and realignment. Better yet, go on the hunt for soft pickings, if with some capital.