Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (187311)	3/10/2023 5:22:40 PM
From: SGJ	2 Recommendations Recommended By golfer72 robert b furman Read Replies (1) \| Respond to of 207820

The more information I am getting on the SIVB fiasco, the more I think by Monday the FDIC will have this under control and a plan worked out for depositors, enough that the panic is going to subside and the systemic collapse fears will drop. SIVB appears to a case of a bank with poor liability management, that got burned during a time when above average expertise in that area is required. To make matters worse, their announcement, at the same time as the SI bank announced its closure, resulted in unfortunate, unwanted dot connecting. High probability for a rally next week from oversold. Still not bottom fishing on banks just yet though.