Stock Crew 2023: Broke but identifying as 🦍 before it was even cool. 🫨

[Do it To it]

FYI I’m thinking about going hard into the paint long banks because I’m an idiot

 

[jaspirr]

Hello smart crew.

We buying puts on banks orrrr?

Wait, that's the obvious choice.

The apes are gonna try to short squeeze the banks.... So calls!

But they don't realize how many apes would need to pile into one bank to move the needle...... So puts again.

But then I guess there's the guessing game of which banks are gonna survive and which ones aren't...... Soooo might go up might go down?

Already fed my Roth, already at 20% into my 401k......might have to fire up a taxable account if we legit dip. I wanna buy the dip this time.

we are buying overall market calls (SPY, QQQ, etc) because everything just went way too far down way too fast. FOMC next week is backing down to the 0.25% rate hike which will soothe a lot of anxiety. i expect a relief rally over the rest of march after the beatdown we've taken recently

we're not seeing a 2008 bank crash. we're seeing one or two horribly diversified banks without cash reserves go under. wake me up when someone like Wells Fargo or PNC goes under.

long term though we're in for a dismal 2023 with rates being pinned to 5.25 - 5.5% for the entire year

 

[Do it To it]

Federal Reserve Board - Dodd-Frank Act Stress Tests 2022

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Um

Why is uncle schwabbert the only banl on the other side of the verticle line?

(I'm being serious.... I have absolutely no idea what the fuck I'm looking at)

 

[taqman15]

I’m drunk

BRB, buying mountain house freeze dried meals and silver rounds


Who’s with me?!

I need to check expiration dates on the bucket I bought back in 2018 for my earthquake survival kit

chili mac

 

[rcm]

Um

Why is uncle schwabbert the only banl on the other side of the verticle line?

(I'm being serious.... I have absolutely no idea what the fuck I'm looking at)

View attachment 310504

Cause it's a percentage change

 

[rcm]

Um

Why is uncle schwabbert the only banl on the other side of the verticle line?

(I'm being serious.... I have absolutely no idea what the fuck I'm looking at)

View attachment 310504

this dude said "verticle"

 

[JeffSTL]

I read to the end of this thread looking for an answer, and I didn’t get it.

I don’t care about the markets or banks. I just need to know what the fuck @obscure/renegade did with his 2 eggs?!?

 

[taqman15]

nm september 2047

 

[gimpshiznit]

we are buying overall market calls (SPY, QQQ, etc) because everything just went way too far down way too fast. FOMC next week is backing down to the 0.25% rate hike which will soothe a lot of anxiety. i expect a relief rally over the rest of march after the beatdown we've taken recently

we're not seeing a 2008 bank crash. we're seeing one or two horribly diversified banks without cash reserves go under. wake me up when someone like Wells Fargo or PNC goes under.

long term though we're in for a dismal 2023 with rates being pinned to 5.25 - 5.5% for the entire year

Holy shit who is “we”?


You trans or got a turd in your pocket?

 

[jaspirr]

Holy shit who is “we”?


You trans or got a turd in your pocket?

both

 

[firemunki]

oh god

 

[wildflower]

Poor @wildflower

Some day... some day...


Or not.

 

[Mcgillicutty]

Um

Why is uncle schwabbert the only banl on the other side of the verticle line?

(I'm being serious.... I have absolutely no idea what the fuck I'm looking at)

View attachment 310504

I think what that graph is saying is that Schwab is the only bank whose risk score went down in the period shown.

My question is: Why isn't SVB on there?

 

[AndyP]

I think what that graph is saying is that Schwab is the only bank whose risk score went down in the period shown.

My question is: Why isn't SVB on there?

They were already dead.

 

[Mcgillicutty]

They were already dead.

Ok. But the concern is obviously whether or not more banks are going to follow in their footsteps. Personally I dont think thats what we're going to see but why not show on the graph just how high risk their accounts were compared to others?

 

[AndyP]

Ok. But the concern is obviously whether or not more banks are going to follow in their footsteps. Personally I dont think thats what we're going to see but why not show on the graph just how high risk their accounts were compared to others?

Bro I just made that up, I have no idea what I'm talking about

 

[Mcgillicutty]

That makes 2 of us.

 

[SkiMax]

 

[Mike00]

we are buying overall market calls (SPY, QQQ, etc) because everything just went way too far down way too fast. FOMC next week is backing down to the 0.25% rate hike which will soothe a lot of anxiety. i expect a relief rally over the rest of march after the beatdown we've taken recently

we're not seeing a 2008 bank crash. we're seeing one or two horribly diversified banks without cash reserves go under. wake me up when someone like Wells Fargo or PNC goes under.

long term though we're in for a dismal 2023 with rates being pinned to 5.25 - 5.5% for the entire year

Not to mention SVB forgot to ladder treasuries properly. All of the banks have exposure to this but most haven’t even close to SVB.

Hope it’s only 2023 though. Jerome is a freaking nightmare At this point.

 

[Cicada]

They were already dead.

 

[Cicada]

lmfao

 

[Menger]

been doing some reading

running a bank sounds kinda hard

 

[Menger]

also, SVB went without a Chief Risk Officer or w/e for like 9 months last year, that didn't work out so hot

 

[Mike00]

also, SVB went without a Chief Risk Officer or w/e for like 9 months last year, that didn't work out so hot

peter Thiel told a lot of folks to get their investments out though.

Our company used them as a bank. We got out Thursday. And our current PE firm is massive in the tech space.

 

[Menger]

yes I'm aware Peter Thiel and his fellow nincompooops caused a bank run lol