Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.38

-1.2%

Jan 14 4:00 PM EST

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To: da_cheif™ who wrote (189470)	5/2/2023 1:44:32 PM
From: robert b furman	Read Replies (1) of 207817

This correction is the same ole fear story as the previous one: RUN ON BANKS! grab your money FDIC BLAH BLAH BLAH. Guy on Bloomberg this morning said it well. 2008 banks had an asset problem. The homes that backed up the no stats mortgages were not what they were appraised at. The Fed didn't have the kind of money to correct the negative adjustment,and it became systemic. Today's problem is the banks liabilities are declining in value. Customer deposits and and declining treasuries invested in the government are liability problems that the Fed has all the tools needed to support the trend. We are being scripted to fear a systemic collapse and what really is happening is a credit tightening not a credit crunch. Keep in mind, this Friday is the full moon. Discounted inventory is needed, and time is getting short, so we have to bring the market down big and fast. This must be the C after the A cuz it sure does rhyme. Next week ought to be up up and away. Bob

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