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

[jaspirr]

do any of you want to place a bet on whether or not Credit Suisse goes bankrupt in the next week?

 

[SkiMax]

We would be in some real shit if CS went down

 

[rcm]

do any of you want to place a bet on whether or not Credit Suisse goes bankrupt in the next week?

Is this your meltdown?

 

[jaspirr]

1v1 me in rocket league bro

edit: I saw @Slimmy online yesterday and thought about inviting him for the rare stock crew/rocket league crew combo

 

[Cashishift]

oh thank god

New York Community Bancorp, Inc.
7.28 USD+0.88 (13.67%)today

I have some of this stock - no idea why

 

[rcm]

Fwiw I don't think CS will "imminently" blow up, but they're certainly in a downward spiral and every time more bad news comes out (which is like every other day at this point), the spiral gets worse and more depositors and wealth management clients withdraw their money

 

[rcm]

Now that I said that tho they're blowing up overnight

 

[Menger]

what is this Credit Suisse bullshit?

yesterday we rallied 500 points after the US Government basically promised to bail out any bank that is having issues and promised not to let 2008 happen again

today, we drop 600 points because a Swiss bank is having some issues with raising additional capital?

i know Credit Suisse is a big deal globally but this doesn't seem to me that it should cause the US market to tank like this

 

[993kgt]

Not worried about it, more just wondering how you'd go about proving ownership in this type of situation out of curiosity... or if anyone else was doing any sort of equity portfolio backup.

Schwab is a custodian of your assets, if they are doing anything illegal with those assets (i.e, that would be fraud) then SIPC coverage starts to kick in

But we're talking $7t in assets here, and how many millions of customers?

You're fine, even if they have completely fucked their banking department, and even then, someone would become a large shareholder within a week's time and all would be restored

The problem with all of these banks is that they invested in long term bonds with low yields, but at the time those yields were all they could get, so now the bond value is depressed, but not worthless, nor will they ever be worthless

You're fine

 

[digital jello]

do any of you want to place a bet on whether or not Credit Suisse goes bankrupt in the next week?

You should buy calls

 

[993kgt]

SWVXX pays out tomorrow, so we got that goin for us

 

[jaspirr]

You should buy calls

i don't like Credit Suisse at all. I'm just arguing that the naysayers are wrong and the entire world economy is not going to collapse this week

 

[taqman15]

i don't like Credit Suisse at all. I'm just arguing that the naysayers are wrong and the entire world economy is not going to collapse this week

I mean maybe

 

[taqman15]

this thread is full of doomsday bank collapsers

We got a bank collapse y'all

https://www.marketwatch.com/story/svb-financial-stock-slides-42-premarket-as-fears-of-a-potential-run-on-the-bank-continue-de76b004 SVB Financial Group SIVB, -60.41%, the parent of Silicon Valley Bank, saw its stock tumble more than 42% in premarket trade Friday, in a continued response to...

offtopic.com

 

[AndyP]

Lol

 

[gimpshiznit]

@gimpshiznit post CS 5yr CDS chart pls

 

[gimpshiznit]

i hope you guys are just trolling

Credit Suisse did not go bankrupt and is not insolvent. One of their investors, who owns 10% of the stock, informed them that they won't be investing any more into the company. That is not a global financial system collapse. There's no run on the banks happening.

CS might not make it through the week.
they've been slowly failing for 10 years

 

[gimpshiznit]

 

[jaspirr]

interesting chart from today. 2.5% crew

 

[AndyP]

Lol again

 

[rcm]

Everythingisfine.jpg

 

[jaspirr]

to make you guys happy, i just bought 40 Credit Suisse $2.0 puts expiring Friday. simple little hedge that will make me a few thousand in case the world ends this week

 

[nadroj]

Sold 10 CS 4/21 2p for .58


let’s see how this one plays out

 

[AndyP]

Sold 10 CS 4/21 2p for .58


let’s see how this one plays out

Lol

 

[Simple]

that's a good thing right? like 100% return in two months is quite good.