Stock Market is ROCKING

[nra4ever]

 

[smokingman]

Have your daily dose of "strong and resilient."

U.S. bank regulators say system is sound, but rules need review By Reuters

U.S. bank regulators say system is sound, but rules need review

www.investing.com

 

[nra4ever]

Credit Suisse rescue package rejected by Swiss parliament

Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.

www.cnbctv18.com

 

[smokingman]

De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says

(Bloomberg) -- The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen. Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in...

finance.yahoo.com

Brookfield Defaults on $161 Million Office-Property Debt

(Bloomberg) -- Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, as rising vacancies hit property values.Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in IndiaOne Tesla Deal Propels...

www.yahoo.com

Commercial realestate is in huge trouble,as are the mid and small banks who hold over 70% of all commercial realestate loans.

 

[Mgderf]

De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says

(Bloomberg) -- The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen. Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in...

finance.yahoo.com

Brookfield Defaults on $161 Million Office-Property Debt

(Bloomberg) -- Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, DC, as rising vacancies hit property values.Most Read from BloombergWorthless Degrees Are Creating an Unemployable Generation in IndiaOne Tesla Deal Propels...

www.yahoo.com

Commercial realestate is in huge trouble,as are the mid and small banks who hold over 70% of all commercial realestate loans.

Buckle up boys and girls, it's going to be a bumpy f'n ride...

 

[nra4ever]

Another one about to go down.

 

[Mgderf]

Another one about to go down.

"Another one bites the dust..." -
Freddy Mercury

 

[abeguzmanmarine]

Another one about to go down.

I got in on the panic last time, got WAL at 8.36 a share. wondering if I double down on the panic again?

 

[Super Bee]

Nothing to see here.

 

[smokingman]

First Republic plumbs new lows, options dwindle By Reuters

First Republic plumbs new lows, options dwindle

www.investing.com

Back in,short as of 4/26/2023 right at noon eastern time. Long a few commodities,but over a short time frame.

 

[smokingman]

First Republic plumbs new lows, options dwindle By Reuters

First Republic plumbs new lows, options dwindle

www.investing.com

Back in,short as of 4/26/2023 right at noon eastern time. Long a few commodities,but over a short time frame.

I did well yesterday. Today not so much. I will hold short for a little while,but know with the dollar at 101 and falling stocks can actually go up. It is a very difficult time to pick even a general direction short term. PE is still high by almost any way to measure it,but then you have devaluation happening rapidly in the dollar offsetting that. Bad news is good news(lower rate expectations) good news is good news.

May as well be throwing darts.

As U.S. megacaps soar, some investors are wary of rising valuations By Reuters

As U.S. megacaps soar, some investors are wary of rising valuations

www.investing.com

 

[nra4ever]

 

[BigRed]

I can post this elsewhere if better as I am not certain this is the best place for it.

I came across this article today and thought it did a good job touching on several points including fiat currencies, distortions of markets, centralization, control, crypto currencies, free market money, and private law society.

Granted, it is not a "quick" read....might take longer than a squat on a stink, but it is well worth the read IMO.

The Road to a Single Fiat World Currency | Thorsten Polleit

What if the world’s states were to come together and create a single world currency? From a purely economic point of view, there would be significant advantages if every nation didn’t operate with its own money but with the same currency.

mises.org

Interested in what ever thoughts others may have.

 

[smokingman]

Banks that Put Up $30 Billion to “Rescue” First Republic May Have Been Trying to Rescue their Own Exposure to $247 Trillion in Derivatives

By Pam Martens and Russ Martens: April 27, 2023 ~ Ever since 11 banks on March 16 donned the garb of heroic fire fighters, rushing to extinguish an

wallstreetonparade.com

First Republic set for 'imminent' government rescue: Reuters

 

[BigRed]

I posted this here:

INGO: Joke of the day page

www.indianagunowners.com

but it fits better here:



A young man named Chuck bought a horse from a farmer for $250. The farmer agreed to deliver the horse the next day. The next day, the farmer drove up to Chucks house and said, "Sorry son, but I have some bad news, the horse died."

Chuck replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Chuck said, "Ok, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Chuck said, "I'm going to raffle him off."

The farmer said, "You can't raffle off a dead horse!"

Chuck said, "Sure I can, Watch me. I just won't tell any body he's dead."

A month Later, the farmer met up with Chuck and asked, "What happened with that dead horse?"

Chuck said, "I raffled him off. I sold 500 tickets at five dollars a piece and made a profit of $2495."

The farmer said, "Didn't anyone complain?"

Chuck said, "Just the guy who won. So I gave him his five dollars back."

 

[smokingman]

I posted this here:

INGO: Joke of the day page

www.indianagunowners.com

but it fits better here:



A young man named Chuck bought a horse from a farmer for $250. The farmer agreed to deliver the horse the next day. The next day, the farmer drove up to Chucks house and said, "Sorry son, but I have some bad news, the horse died."

Chuck replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Chuck said, "Ok, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Chuck said, "I'm going to raffle him off."

The farmer said, "You can't raffle off a dead horse!"

Chuck said, "Sure I can, Watch me. I just won't tell any body he's dead."

A month Later, the farmer met up with Chuck and asked, "What happened with that dead horse?"

Chuck said, "I raffled him off. I sold 500 tickets at five dollars a piece and made a profit of $2495."

The farmer said, "Didn't anyone complain?"

Chuck said, "Just the guy who won. So I gave him his five dollars back."

Guess who just won the First Republic Bank raffle?

JPMorgan, PNC To Buy First Republic After FDIC Seizure First Leaves Taxpayers Holding The Toxic Stuff | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Update (2210ET): As the weekend begins, the WSJ reports late on Friday that big banks including JPMorgan and PNC are set to buy First Republic Bank but not in a private, market-arranged deal but rather in a transaction that would follow a government seizure of the troubled lender. A seizure and sale of First Republic, which would wipe out the equity of FRC and potentially impose losses on creditors, could come as soon as this weekend, the WSJ sources said.

And so JPM, which is already the largest US bank is about to get even bigger, by scooping up all the good FRC assets while leaving US taxpayer holdings on to the toxic ones.

 

[smokingman]

First Republic auction underway, with deal expected by Sunday

Citizens, PNC and JPMorgan are among roughly half a dozen bidders for First Republic, which was swept up in a banking crisis last month. The auction process is being run by U.S. regulators

www.reuters.com

Invite only of course and held privately.

 

[BigRed]

obiden said the bailout will not cost taxpayers a cent.






K...sure, you lying sack o' ****.

 

[smokingman]

obiden said the bailout will not cost taxpayers a cent.






K...sure, you lying sack o' ****.

fdic estimates the cost of the JPM deal at 13 billion,but admits it could be more in the end.
Also,that 30 billion invested by 11 banks to bail it out last month,yea they are taking 0 losses.

JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008

JPMorgan acquired all of First Republic's deposits and a "substantial majority of assets." Its shares rose 2.6% in premarket trading on the news.

www.cnbc.com

First Republic Bank seized, sold in fire sale to JPMorgan

In the second-largest bank failure in U.S. history, officials seize First Republic Bank, selling its deposits and most of its assets. It’s the third midsize bank to fail in two months.

chicago.suntimes.com

 

[nra4ever]