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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Ccube who wrote (72508)3/9/2023 5:10:59 PM
From: Madharry1 Recommendation

Recommended By
petal

  Respond to of 78957
 
No. their capital is wiped out. I would not buy any banks now. Seems clear to me that bank examiners pretty much have demonstrated incompetence and the fed is not far behind. May be case of disease being cured but patient died.



To: Ccube who wrote (72508)3/9/2023 5:19:09 PM
From: Elroy1 Recommendation

Recommended By
petal

  Respond to of 78957
 
it’s down 60% in one day. Worth the gamble?

Not a good idea to bottom fish with highly leveraged financial companies.

Why not buy a super winner like ADI or MCHP?



To: Ccube who wrote (72508)3/10/2023 5:44:48 PM
From: Ccube  Read Replies (1) | Respond to of 78957
 
SIVB glad I didn’t try to buy after hours. That was fast collapse. Didn’t realize it was 15th largest US bank.
Makes me wonder if we are going to see a contagion like 2008.
Financials are getting killed. SCHW is getting crushed. Almost tempted to buy here or maybe wait for the smoke to clear.
So this might be the “Fed is going to break something” moment?