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Well, good luck. It'll likely gap up huge.

See? I told ya so :banghead: Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution. Regulators said depositors at both failed SVB and Signature Bank in New York...

SVB is out of the game. They need a bailout, not a credit.

That's me bro :D JK But here's my take in the short run. We should see a brief pullback down to 20,300 before resuming higher. So don't get too greedy just yet.

If you want to make money, you should see this as an opportunity. Plus, Fed is expected to open their discount window on Monday.

So are you equating the current situation to the 2008 subprime crisis, which was GLOBAL in scale? Exactly what fallout can we expect to see from SVB collapse (in comparison to 2008 subprime crisis)?

What, you actually expect an armageddon from all this? As if that's even remotely possible? If it were Goldman Sachs or Chase that went bankrupt, then yeah I would be scared as hell. But SVB? Don't be a puss. :sneaky:

By this time next week, the market won't even remember what happened. It's just business as usual.

Had Powell started raising rates earlier as in late-2020, we wouldn't be in this mess. The entire team at FOMC live in an ivory tower. They know nothing! (to borrow Jim Cramer's 2008 rant)

Maybe the wording is different on the European side. It also sounds less abrasive. Which sounds better to you: liquidation fee vs clearing client?

Yeah, like I need a reminder from you. Dude, I've been saying that since 2019 (and don't say I didn't because you know I did)!! Powell's such a laggard. He can't read into the future. He needs to see all the stars line up perfectly before making any move. Maybe this is why he wants to act all...

Powell will likely raise another 25 bps at their March meeting but will not be raising any more after that.

Well, I've never been a big fan of Bernanke or his successors either. However, I don't think there will be any spillover effect from the demise of Silicon Bank like what we saw in 2008 after Lehman collapse, which sent a shockwave all over the globe. Sure, some depositors and investors will lose...

Did you by chance not closed out your position before the close and was force liquidated by AMP due to lack of funds (eg. not meeting their overnight maintenance margin)?

Calm down, this ain't no 2008. There's no liquidity crisis like back then to set off a systemic risk to the entire economy.

As they say, practice makes perfect. I'm sure he'll catch on sooner or later. :sneaky:

As I state above, Fed and Powell will back off ("capitulate") from their current hawkish stance. My take is they will go for 25 BPS hike in March and then 0 thereafter. It's just inevitable. I can smell it mile off.

So who won the lucky jackpot on the other side? I don't know all the ins and outs of how cryptos are transferred but this sounds pretty shady, if not nightmarish. I thought crypto was about being able to transfer funds P2P trasparently. How could this have happened?

Be that as it may, I don't think this will have a contagion effect like in the aftermath of Lehman. Look, everyone thought the world would collapse in 2008. The way the stock market behaved at the time made that a real possibility. But what happened? The stock market did not blow up. We didn't...