Silicon Valley Bank fails and rattles markets
- Thread starter rafterman
- Start date
thanks for selling and letting us buy at lower prices and thanks for buying when things run up lol
I'm not selling anything myself. I am waiting to buy.
One thing I know is money. And money makes most people as dishonest as fuck. Including any broker I have met. The only one that was a bit honest told me since I do not have a million dollar cash to invest I am not interesting for them...
Anyhow can't wait for this big huge crash to happen so I can buy in...
Bailout coming
Credit Suisse shares soar after central bank offers lifeline
Credit Suisse shares surged after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest lender following the collapse of two U.S. banks.
apnews.com
Trying to pick the bottom is a fool's errand. No one will know when there is a bottom. Since the market is a leading indicator, you have to buy when there is bad news in the economy. If you wait for the economy to turn and/or interest rates to come down, it's too late.
Trying to watch bank troubles is difficult because you are already seeing governments step in. I assure you the Fed and other central banks are operating behind the scenes to keep banks liquid. Think of the bank headlines as the tip of the iceberg.
Yes, it's good idea not to sell. It's also a good time to gradually pick up some solid names. I'm not talking about tech companies with a lot of promise and no profits.
My friends who think they can pick the top and bottom mostly fuck themselves.
Trying to watch bank troubles is difficult because you are already seeing governments step in. I assure you the Fed and other central banks are operating behind the scenes to keep banks liquid. Think of the bank headlines as the tip of the iceberg.
Yes, it's good idea not to sell. It's also a good time to gradually pick up some solid names. I'm not talking about tech companies with a lot of promise and no profits.
My friends who think they can pick the top and bottom mostly fuck themselves.
Why might it be a good buy?
Because the share price dropped the day before and then the Swiss Nat'l Bank gave them the equivalent of a US$50billion line of credit and now the share price did a bounce because of that?
Is the cat dead, resuscitated but on Swiss Franc life support, alive and ready to get back to it's ole alley cat ways, or just playing possum.
Ever try to catch a falling knife. You get cut up pretty bad.
It's down so we buy?
Yes, we are stuck somewhere in never never land between "nobody can pick the bottom" and "don't catch a falling knife".
I have quite a bit of cash. It is very tempting now to start nibbling on some of the trust units that pay 8 to 10%. and mostly ROC.
What do you think? Will the Feds continue increasing interest rates?
Yes, thats exactly what you do. You buy when its extremely low and nobody else wants to touch it.
Look at the 20-year pattern. It just got a $50 billion cash infusion.
The chances of it going back up to 20 CHF is reasonably good.
So if you buy at 2 CHF now, and wait 5 to 10 years, you could possibly make 10 times ROI.
You could turn $1 million into $10 million relatively quickly.
IMO the odds of them going bankrupt are low
I agree that extreme contrarian investing, as in buying distressed companies, can be very profitable.Yes, thats exactly what you do. You buy when its extremely low and nobody else wants to touch it.
Look at the 20-year pattern. It just got a $50 billion cash infusion.
The chances of it going back up to 20 CHF is reasonably good.
So if you buy at 2 CHF now, and wait 5 to 10 years, you could possibly make 10 times ROI.
You could turn $1 million into $10 million relatively quickly.
IMO the odds of them going bankrupt are low
To get good odds, I think it requires at least a handful of buys of distressed stocks.
Speaking of banks, star football player Patrick Mahomes owns a bank.
How this NFL player just became the second-largest shareholder in the bank he opened his first account - Face2Face Africa
Disclosure: I'm a minority owner of RBC.
How this NFL player just became the second-largest shareholder in the bank he opened his first account - Face2Face Africa
Disclosure: I'm a minority owner of RBC.
that's assuming a huge crash will happen ... really the best time to buy was all last yr, but I can see why people are praying for a massive dump since they've missed the big rallies this yr , esp with tech stocks that were previously down 80 percent or more
you can't time bottom ..and even if you do, it's a losing strategy to dollar-cost averaging
Seriously?Yes, thats exactly what you do. You buy when its extremely low and nobody else wants to touch it.
Look at the 20-year pattern. It just got a $50 billion cash infusion.
The chances of it going back up to 20 CHF is reasonably good.
So if you buy at 2 CHF now, and wait 5 to 10 years, you could possibly make 10 times ROI.
You could turn $1 million into $10 million relatively quickly.
IMO the odds of them going bankrupt are low
It looks like a dog. It has not recovered from 2008; 2010; 2013-2016; 2017-2020.
Keeps dropping. No amount of Swiss Nat'l Bank intervention will get it anywhere 10x ROI, let 8x, 6x, 4x, 2x ....
This a "catch a falling knife" investment.
Sharon Stone lost half her cash assets: https://torontosun.com/entertainmen...-in-tears-as-she-admits-losing-half-her-money
You are probably right. I just don't like investing in banks/businesses that depend on the whims of the government as an investor. This isn't based on any political principle.Yes, thats exactly what you do. You buy when its extremely low and nobody else wants to touch it.
Look at the 20-year pattern. It just got a $50 billion cash infusion.
The chances of it going back up to 20 CHF is reasonably good.
So if you buy at 2 CHF now, and wait 5 to 10 years, you could possibly make 10 times ROI.
You could turn $1 million into $10 million relatively quickly.
IMO the odds of them going bankrupt are low
I think she's too old to spread her legs again to bring in some coin.
I think 8-10% is very good. I'm old enough to remember people buying long-term AAA bonds well north of 10% in the early 1980s and doing extremely well. Of course, blue chip stocks also went gangbuster as rates went down.
One would surmise that the Fed is going to take a breather and see where things go in the economy. I think the real estate market has significantly cooled off. They have put the fear in the speculative markets. I suspect there will be more painful insolvencies in other sectors. I don't know how you break the inflationary cycle without breaking some weak performing assets.
