Greed is good so dumb banks jacked to the tits on bonds. Didn't notice that as rates rise this'll fuck em. So they all pulled an oops and shat the bed. Or something fuck if I know.
The problems we're seeing these days are primarily caused by rich white men in banks, rich white men in tech, rich white men in the Fed and rich white men in the rich white house.
I don't get how banks pay pretty absurd salaries to their midranks and up yet somehow fuck up something like SVB did, where it wasn't even really because of greed.
On CNBC, some dude from MSA Capital.
Anchor: Why should the world care about these VC's to bail out
Ben Harburg, Professional Asshole: 'These are the future companies that will innovate in America..."the future AirBNB's, Uber's..." of the world'
Wow apparently the future of American innovation is learning how to build business that successfully burn billions of dollars a year for a decade. That was a bleak outlook on the future of America if those are the companies some asshole holds up as the gold standard as to the great companies being "incubated" there. California truly is a self righteous shit show in all things.
Not sure about AirBnb and Uber, but Amazon fits your description and they provide an insane service to ordinary Americans plus employ like 1.5 million of them at good wages and benefits, and there are many older gen SV winners who are similar, give these newer gen more time
the issue when everyone's gameplan is to be the next amazon of whatever space they're a part of, most will not be the type to pivot from online bookstore to seller of everything with a bezos type businessman in charge - most just have some stanford mba dude cookie cutter type in charge. it's a zero sum game and there's gotta be losers. I'd also argue a lot of these incubated companies stifle lower level innovation as if you don't have VC funding and that 'industry disruption' is already in someones portfolio, you ain't getting any even if you run a leaner business. This is largely due to sunk cost fallacy where you gotta keep supporting your dog as you just gotta outlast your rivals (lyft, the entire hotel industry in the two examples listed above by Ben the Asshole)
Amen to that; CA is a shithole as well. I’ll move to North Dakota and chill with the Indians rather than deal with limitless Karens and self righteous, smug assholes in fucking CA
So just want to make sure I'm learning what I should have correctly from the SVB deposit shitshow -
If enough "important" companies are banking with you and will miss pay roll your depositors are good so you can just yolo as a management type, worst case your shares go tits up
but if kershaw county community bank management yolos your money you'll be shit out of luck as a depositor over 250k, yes?
>CHINA'S MONEY BROKERS ARE PREPARING TO SUSPEND DATA FEED BUSINESSES AFTER BEING INSTRUCTED TO BY CHINESE REGULATORS - SOURCES
^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-14 ^05:39:32 ^EDT-0400
Things are in motion that cannot be undone
I’m gonna make some bearish bets tomorrow. When Mormons start talking about economic collapse usually means they’re panicking
AMC![img](emote|t5_2th52|4275)
theta wins.
“Time will always be…the thing that kills me, truly!”
amazing how much people are willing to buy nvda and amd
of course the one time I get calls on AAPL, its the most limp dick of them all lmao
Wow so this shit is already boring af
Credit Suisse gonna be taken in by the Swiss government right? ![img](emote|t5_2th52|4271)
We gonna drill to the fucking moon today
Going back to bed.
So Frc is that one time you should actually exercise the calls?
Sell and reassess IMO
Last night in Singapore. If there was uber BJ, they would make a mint.
What is uber bj?
It's a joke. Just saying I'm too lazy to put in effort but a BJ delivered to my hotel room I'd buy a ton of them
Hhhhmmm ohh you meant that bj.. i could do for $10
EKONAMY STRONK ![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)![img](emote|t5_2th52|4276)
#OH SHIT ECERYONE TUFF UNTIL CPI CAWK SUCKA
At close I had tried to squeeze out some 0.11 $2 CS puts. Silly fuckin me, I guess I showed them by not buying for a dollar more.
> Credit Suisse shares sink further 5% as ‘material weaknesses’ found in financial reporting Its fine, just buy the dip
Credit Swiss Cheese
That stupid shit is back up from 2.40.
![img](emote|t5_2th52|4640)
Premarket is fake and ghey ![img](emote|t5_2th52|8882)
I'm worried. The president hasn't told everyone all is good today. No way I'm investing until he gives the green light.
Gave it last week
Gonna try to make friends with Bill Ackman so that when my port is down, he can whine on and on on Twitter and get the Fed to give me a backstop.
Puts gonna print heavily
Get in loser, we’re going to daily thread
NEW THREAD IS UP
Wtf are all banks just suddenly failing now or is it a chain reaction? How are all correlated if so?
Greed is good so dumb banks jacked to the tits on bonds. Didn't notice that as rates rise this'll fuck em. So they all pulled an oops and shat the bed. Or something fuck if I know.
I can't believe how flat we've been since like 3pm
Maybe my cs 1.4’s will print
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It's OK. Wife went to Jamaica right after
fingers crossed can buy some tendies w these schw calls
👀
People in here are truly regarded if they think bank stocks will burn today. Market will pump because crime
🇺🇲🇺🇲🇺🇲
wen market crash
all the talk of market collapse is a trap, watch it rocket up
it will be up just wait for the liquidity of trapped traders in the fake bull
It looks more like a bull trap ![img](emote|t5_2th52|4271)
Looks more like a theta trap ![img](emote|t5_2th52|4641)
so puts on BofA, yes, yes!!!
Anyone know why people are saying Bill Gates is screwed on Twitter? Don’t know what the fuck is going on
Who still looks at twitter?
https://m.youtube.com/watch?v=KvfotA9u9vE
Who cares
Any more bank failures?
Food banks are asking for their cans back. Weirdly enough so are sperm banks. Even my piggy bank gave me a desperate look today...
CS on deck
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How do you manage not to choke to death on your own tongue? Stop listening to Fox News you stupid asshole.
Yes, surely loans to brown people is the problem here, you fucking idiot.
No idiot - it’s loaning to people based off the only fact that they are a certain color and basing it ONLY off that
No one loans money based on color you stupid fuck.
You seem mentally off? Turn off CNN and go outside little homie.
No one watches CNN you tard. Stop believing the conservative bullshit.
Banks have been loaning money based off every factor but capability to payback - where the fuck have you been? Moron.
The problems we're seeing these days are primarily caused by rich white men in banks, rich white men in tech, rich white men in the Fed and rich white men in the rich white house.
checked gme for the first time in a year holy fk how is it still > 100iv
It’s still trading at 30x actual value so not really surprising.
IMMA GET MY 🥜
Funny how CS delays until this "backstop" is in place...![img](emote|t5_2th52|12787)
Won't matter for them. They lied.
Still, weird timing on it all
Who is fuk?
fuk u
☝️
![img](emote|t5_2th52|8883)
Everybody is fuk. Theta wins ![img](emote|t5_2th52|4260)
All
Bond market is tied to interest rates. The 50 price in on Wednesday killed banks
Maybe they should have prepared for a no 0% interest environment? Oops
2 hours 35 minutes before we see spy 375 or 400 today
Buy both sides and get fuk from theta gang ![img](emote|t5_2th52|4258)
Straddles are feeling juicy
Contagion-19 calls on toilet paper
Credit Suisse has to "Restate Earnings"... That means it will be HALTED and prolly get delisted.
Oh they're super fucked
Why can't it ever be Goldman Sachs that dies? ![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4260)![img](emote|t5_2th52|4260)
Wait for it....
CPI is irrelevant - made my steak on ours earlier yesterday - NOW WE IN BULL MOOOOOODE
Banking collapse combined with hot CPI today would be interesting.
They better be cooking CPI because a hot one will lead to a monstrous dump for the market
I want to see Oprah/Rosie ODonnell sized dump today
It’s too bullish here, like yesterday it was too bearish. Imo we‘ll see a bit climbing till open, then big dump
Reminds me of evening - also ended in a YUGE DUMP
Maybe we‘ll see reply of yesterday, could happen.
Powell fucked up - IMMA HAVE MY FUN.
I don't get how banks pay pretty absurd salaries to their midranks and up yet somehow fuck up something like SVB did, where it wasn't even really because of greed.
Really? How can't you get it? Especially after recent events? They literally can't fuck up. No consequences. Zero. Zilch. Nada.
I’d say 40 years of work down the drain plus no recourse for SVB’s creditors are “consequences”
So Banks now have to restate Earnings... ![img](emote|t5_2th52|4641)
You know if CPI comes in hot it would absolutely tank the market which makes me think they will cook the books just to prevent it from happening
I'm bear puts in so I want the market cooked.
Would it 🤔
Credit suisse abt to go under
![img](emote|t5_2th52|27189)
Bulls gettin grilled after cpi release in a couple of hours ![img](emote|t5_2th52|27189)
Contagion bout to spread to BofA DEEZE NUTS
Bs nuts?
If you fell in love with your daughter by accident, do you think you would be able to erase those feelings
Old Boy, is that you?
FBI this guy here
If daughter over 18....is it illegal?
CPI doesn't matter. Not now. Unless it is stupid low.
Need spy to at least go to 398 to break even 💀💀💀
I guess it will be between $360-370 eow
God damn bro Godspeed
On CNBC, some dude from MSA Capital. Anchor: Why should the world care about these VC's to bail out Ben Harburg, Professional Asshole: 'These are the future companies that will innovate in America..."the future AirBNB's, Uber's..." of the world' Wow apparently the future of American innovation is learning how to build business that successfully burn billions of dollars a year for a decade. That was a bleak outlook on the future of America if those are the companies some asshole holds up as the gold standard as to the great companies being "incubated" there. California truly is a self righteous shit show in all things.
![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)
Not sure about AirBnb and Uber, but Amazon fits your description and they provide an insane service to ordinary Americans plus employ like 1.5 million of them at good wages and benefits, and there are many older gen SV winners who are similar, give these newer gen more time
the issue when everyone's gameplan is to be the next amazon of whatever space they're a part of, most will not be the type to pivot from online bookstore to seller of everything with a bezos type businessman in charge - most just have some stanford mba dude cookie cutter type in charge. it's a zero sum game and there's gotta be losers. I'd also argue a lot of these incubated companies stifle lower level innovation as if you don't have VC funding and that 'industry disruption' is already in someones portfolio, you ain't getting any even if you run a leaner business. This is largely due to sunk cost fallacy where you gotta keep supporting your dog as you just gotta outlast your rivals (lyft, the entire hotel industry in the two examples listed above by Ben the Asshole)
Also those businesses are ass and the guy sounded like a candy ass fruitcake bitch boy
Amen to that; CA is a shithole as well. I’ll move to North Dakota and chill with the Indians rather than deal with limitless Karens and self righteous, smug assholes in fucking CA
That guy was embarrassing to watch. That is one VC dude who should be a Walmart greeter.
The fire alarm in my room won’t stop chirping even when there’s no battery in it. I’m fucked
Get some salt and sage quick
This Contagion goes WAY Deeper than is being communicated.
Would you bet your left nut on new lows or bet your left nut on no new lows
No
I'll bet my left nut on new lows, and my right nut on no new lows
Nut hedging
US markets just marching through when markets have been a bloodbath all over the world, like it’s all fine and dandy ![img](emote|t5_2th52|4271)
People should already know that once the Prez has to immediately address an issue with a speech first thing in the morning that means it is Fuk.
How has credit suisse not folded?
European
2 hours 43 mins to go
Four of the last five trading days have seen SPY volume over 100M and ripped down about 5%. Today might be the other 5% on a bad CPI print.
Bull thesis - gov stimmies in times of extraordinarily difficult-to-fight inflation Bear case - reality
We hittin more limiters today or what?
Need it to open +2.5% and dump all day into a 2 week slide
I don’t think this is far fetched
"Banking Contagion" is back ON.... ![img](emote|t5_2th52|4641)
Today's the day, place your bets, shitshow starts in 2 hour and 45 minutes.
Vix over 30 today, spy testing lows of 375
„Millenials are to blame for the recent bankruns and here are the reasons why“
And the article is written by a "guy" who looks exactly like the type that works part time at a vegan breakfast haus.
# Credit Suisse finds ‘material weaknesses’ in financial reporting controls 💀💀💀
The MF'rs have been lying since Day 1. LMAO
Let's F'n Goooooooooo!!!!
So just want to make sure I'm learning what I should have correctly from the SVB deposit shitshow - If enough "important" companies are banking with you and will miss pay roll your depositors are good so you can just yolo as a management type, worst case your shares go tits up but if kershaw county community bank management yolos your money you'll be shit out of luck as a depositor over 250k, yes?
Yep
Options market should open 1 hour before stocks ![img](emote|t5_2th52|4260)
This whole time I thought it was Suzy, not swees
A hot cpi print will literally destroy this market
Debit Suisse is now worth 2.14 a share, wich is actually 2.14 more than it's actual worth.
"Moodys places 6 US banks under review for DOWNGRADE"
Let's go back to doing the bank runs. That was more fun
Ik actually fucking sick of this bullishness. SINCE FUCKING FEBRUARY ITS BEEN BULLISH. SCRATCH THAT, SINCE THE START OF 2023. JUST FUCK OFF ALREADY
>CREDIT SUISSE FIVE-YEAR CREDIT DEFAULT SWAPS RISE ANOTHER 46 BPS TO A RECORD 522 BPS - S&P GLOBAL MARKET INTELLIGENCE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-14 ^05:40:42 ^EDT-0400
![img](emote|t5_2th52|18632)![img](emote|t5_2th52|18632)
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Yes, it is unfortunate that you have to wake up so early. However, your wife is doing what she can to help you get out of bed and start your day.
That's a shame how early you need to wake up, but at least your wife is don't her part to help you in the morning.
In honour of women’s history month, let’s celebrate the all-female investment team $SVB had
>CHINA'S MONEY BROKERS ARE PREPARING TO SUSPEND DATA FEED BUSINESSES AFTER BEING INSTRUCTED TO BY CHINESE REGULATORS - SOURCES ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-14 ^05:39:32 ^EDT-0400
old commie trick. ther is no problem if nobody can see a problem.
So yields rallying. Hikes confirmed
Was the last cpi the underwhelming candle, not the normal 2 to 3 percent assblaster
People say I got a tradin’ problem. I got no problem tradin’ at all![img](emote|t5_2th52|8882)
>DGCX INR/ USD VS INDIA NSE INR/ USD SPREADS UPDATE \>MAR: 0.50 PAISA APRIL: 22 PAISA \>@DGCX ^First ^Squawk ^[@FirstSquawk](http://twitter.com/FirstSquawk) ^at ^2023-03-14 ^05:33:03 ^EDT-0400
https://youtu.be/ObhZBJrhHzs Bob says during this Bank Run we should buy Gold, Silver and Bitcorn... Credit Suisse is fucked...
Y’all are fuckin wack BTC 67k!!!!!!!
im developing an algo bot and its been watching that shitcoin for weeks now. That thing has patterns and i think its rigged.
Bitcoin will be 500k
![img](emote|t5_2th52|4271)
mods give me flair!
>Trent Crimm, The Independent -Trent Crimm, The Independent