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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
03-12-2023, 09:06 PM
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#2701
- Carbonfibre
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Dangerous game that Fed just opened.
Now big banks predicting no rate hikes not even 25 BPS next week FOMC.
Now big banks predicting no rate hikes not even 25 BPS next week FOMC.
03-12-2023, 09:14 PM
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#2702
- RobParks2M
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Originally Posted By Carbonfibre⏩
They really need to stick to their fukin guns and do 25. I said it before about 50, but this one is far bigger to do to prove their seriousness.Dangerous game that Fed just opened.
Now big banks predicting no rate hikes not even 25 BPS next week FOMC.
Now big banks predicting no rate hikes not even 25 BPS next week FOMC.
Also this doesn’t absolve all the banks who haven’t marked their potential losses on long term MBS/bonds that they are all underwater on.
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03-12-2023, 09:23 PM
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#2703
- Carbonfibre
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Originally Posted By RobParks2M⏩
Market has lost its mind completely in span of 4 days.They really need to stick to their fukin guns and do 25. I said it before about 50, but this one is far bigger to do to prove their seriousness.
Also this doesn’t absolve all the banks who haven’t marked their potential losses on long term MBS/bonds that they are all underwater on.
Also this doesn’t absolve all the banks who haven’t marked their potential losses on long term MBS/bonds that they are all underwater on.
It went from higher for longer to now lets price all the rate hikes out again like bunch of morons.
SPY closed $385 Friday. Atm it will open around $392ish.... plus god knows how much put dumping will go on and call chasing to cause squeeze if they start squeezing everything pre market.
Two banks fail that have $300B on balance sheet combined.
Treasury brings out check book cause some moron in risk management refused to play duration risk trade cause zirp is gonna last forever mentality.
This backstop not only did they guarantee roku money is safe but bunch of crypto shiit as well in one swoop of pen.
03-12-2023, 09:35 PM
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#2704
- RobParks2M
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Originally Posted By Carbonfibre⏩
How much equity got erased too? Also, what is happening to bond holders? Was that addressed?Market has lost its mind completely in span of 4 days.
It went from higher for longer to now lets price all the rate hikes out again like bunch of morons.
SPY closed $385 Friday. Atm it will open around $392ish.... plus god knows how much put dumping will go on and call chasing to cause squeeze if they start squeezing everything pre market.
Two banks fail that have $300B on balance sheet combined.
Treasury brings out check book cause some moron in risk management refused to play duration risk trade cause zirp is gonna last forever mentality.
This backstop not only did they guarantee roku money is safe but bunch of crypto shiit as well in one swoop of pen.
It went from higher for longer to now lets price all the rate hikes out again like bunch of morons.
SPY closed $385 Friday. Atm it will open around $392ish.... plus god knows how much put dumping will go on and call chasing to cause squeeze if they start squeezing everything pre market.
Two banks fail that have $300B on balance sheet combined.
Treasury brings out check book cause some moron in risk management refused to play duration risk trade cause zirp is gonna last forever mentality.
This backstop not only did they guarantee roku money is safe but bunch of crypto shiit as well in one swoop of pen.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-12-2023, 09:42 PM
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#2705
- taf1968
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- taf1968
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Originally Posted By RobParks2M⏩
Bond holders in those banks are fooked . . . they get nothing, same as shareholders.How much equity got erased too? Also, what is happening to bond holders? Was that addressed?
https://www.cnbc.com/2023/03/12/regu...emic-risk.html
"To stem the damage and stave off a bigger crisis, the Fed and Treasury created an emergency program to backstop deposits at both Signature Bank and Silicon Valley Bank using the Fed’s emergency lending authority.
The FDIC’s deposit insurance fund will be used to cover depositors, many of whom were uninsured due to the $250,000 guarantee on deposits.
While depositors will have access to their money, equity and bondholders at both banks are being wiped out, a senior Treasury official said."
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03-12-2023, 10:11 PM
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#2706
- RobParks2M
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Originally Posted By taf1968⏩
And markets are fukking rallying hooo leee fukkkk.Bond holders in those banks are fooked . . . they get nothing, same as shareholders.
https://www.cnbc.com/2023/03/12/regu...emic-risk.html
"To stem the damage and stave off a bigger crisis, the Fed and Treasury created an emergency program to backstop deposits at both Signature Bank and Silicon Valley Bank using the Fed’s emergency lending authority.
The FDIC’s deposit insurance fund will be used to cover depositors, many of whom were uninsured due to the $250,000 guarantee on deposits.
While depositors will have access to their money, equity and bondholders at both banks are being wiped out, a senior Treasury official said."
https://www.cnbc.com/2023/03/12/regu...emic-risk.html
"To stem the damage and stave off a bigger crisis, the Fed and Treasury created an emergency program to backstop deposits at both Signature Bank and Silicon Valley Bank using the Fed’s emergency lending authority.
The FDIC’s deposit insurance fund will be used to cover depositors, many of whom were uninsured due to the $250,000 guarantee on deposits.
While depositors will have access to their money, equity and bondholders at both banks are being wiped out, a senior Treasury official said."
1. We discovered banks aren’t marking their short term losses on their bonds and MBS properly in the event of liquidity crisis.
2. Billions in bonds and equity just got wiped out.
Markets fukking rally LMAO.
That said, I am puzzled when to buy more bonds. What pushes rates the most? A glut of bonds on the market so people sell cheap to enhance interest rate? No way that people start buying more bonds due to this whole fiasco right? I’m in the market for more I guess I should start averaging in weekly maybe.
Fitness connoisseur
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03-12-2023, 10:23 PM
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#2707
- taf1968
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- taf1968
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Crazy how fast this unraveled with the banks. Everyone thought (or at least were led to believe) that things were in much better shape after 2008/2009. "Lessons were learned" and regulations put in place and all that.
Nope. Took two days for the bottom to start falling out of regional banks because phukk phukk games were being played again during rising rates. Things could get pretty sporty. The Fed can't stop raising rates . . . inflation is still way too high. Will people hold off making a run on regional banks? CPI better come in anything-but-hot or this could get a lot uglier and faster. But if the regional banks get overwhelmed anyway, it might not matter.
Nope. Took two days for the bottom to start falling out of regional banks because phukk phukk games were being played again during rising rates. Things could get pretty sporty. The Fed can't stop raising rates . . . inflation is still way too high. Will people hold off making a run on regional banks? CPI better come in anything-but-hot or this could get a lot uglier and faster. But if the regional banks get overwhelmed anyway, it might not matter.
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03-12-2023, 11:05 PM
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#2708
- Destor
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- Destor
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I'd sooner believe this provides the backstop the Fed needs to continue plowing ahead with the hikes
lol @ Reuters article reporting on the upcoming meeting like this
https://www.reuters.com/markets/rate...ay-2023-03-12/
It's the same fukking description used for every single Fed meeting listed on their Board Meetings page. People desperately, desperately want to believe this is the pivot.
lol @ Reuters article reporting on the upcoming meeting like this
https://www.reuters.com/markets/rate...ay-2023-03-12/
It's the same fukking description used for every single Fed meeting listed on their Board Meetings page. People desperately, desperately want to believe this is the pivot.
03-13-2023, 03:06 AM
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#2709
- dankydank
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Europe and Japan nosediving at open. Dragging down US premarket to almost breakeven/red on some index after being up 2%. Dollar dying and other regional banks taking the D in premarket still
03-13-2023, 06:50 AM
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#2710
- Carbonfibre
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- Carbonfibre
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yeah that went to shiit real fast overnight trade
euro trading opened this morning all their banks nose dived
contagion event is real
market did complete u turn
crashy it is
dxy cliff diving
10 year yield cliff diving
euro trading opened this morning all their banks nose dived
contagion event is real
market did complete u turn
crashy it is
dxy cliff diving
10 year yield cliff diving
03-13-2023, 07:12 AM
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#2711
- Carbonfibre
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- Carbonfibre
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all you need to see
**** escalated real quick
lmao Biden press conference just did 1 minute speech
via phuck you SIBV management
you're fired morons and just walked off.

**** escalated real quick
lmao Biden press conference just did 1 minute speech
via phuck you SIBV management
you're fired morons and just walked off.

03-13-2023, 07:20 AM
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#2712
- Destor
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- Destor
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[QUOTE=Carbonfibre post_id=1678868783]all you need to see
**** escalated real quick
lmao Biden press conference just did 1 minute speech
via phuck you SIBV management
you're fired morons and just walked off.
[img]https://i.imgur.com/zcU7vKS.png[/QUOTE]Fuark the curve has inverted, recession incoming
**** escalated real quick
lmao Biden press conference just did 1 minute speech
via phuck you SIBV management
you're fired morons and just walked off.
[img]https://i.imgur.com/zcU7vKS.png[/QUOTE]Fuark the curve has inverted, recession incoming
03-13-2023, 07:22 AM
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#2713
03-13-2023, 07:29 AM
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#2714
- RobParks2M
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- RobParks2M
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Originally Posted By dankydank⏩
Lulz not all of this… but yeah all of this todayGotta do some coke and trade the 1 min candles on FRC today or some other regionals. Expecting 1-5% movement on them
Edit; they have $60B liquidity from JPM. Buy deep OTM calls when circuit breaker is over lol
Edit2: spreads are insane. Can’t even come close to getting fills. Fuk.
Edit3: sell pressure is overwhelming lmao daaaaaym
Edit4: people must know this thing is going under. Why is there nothing but sell volume??? People are panic selling for 30 cents on the dollar they gotta know more…
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03-13-2023, 08:23 AM
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#2715
- Destor
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I think there's far more risk than benefit to being an investor in these. Even when they're backstopping the actual deposits, equity investors will be boned so where's the upside?
03-13-2023, 08:33 AM
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#2716
- RobParks2M
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Originally Posted By Destor⏩
Pick one that doesn’t go under and you can easily get 10x return I’m guessing. I set a bunch of low ball offers to see if algos will fuk up and panic sell me some $30 April calls for $20/each ($20 total not per share).I think there's far more risk than benefit to being an investor in these. Even when they're backstopping the actual deposits, equity investors will be boned so where's the upside?
Fitness connoisseur
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03-13-2023, 08:39 AM
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#2717
- Carbonfibre
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- Carbonfibre
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there is chaos in market atm
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
I wouldn't trust anything currently
trap door is opening on everything or dip is being bought
impossible to tell when volume is hitting insane levels
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
I wouldn't trust anything currently
trap door is opening on everything or dip is being bought
impossible to tell when volume is hitting insane levels
03-13-2023, 08:45 AM
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#2718
- Destor
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- Destor
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Originally Posted By RobParks2M⏩
I mean buying at multi-decade lows is usually the way to go, that's exactly what I did with oil back when the pandemic hit but don't have a clue about this banking side of thingsPick one that doesn’t go under and you can easily get 10x return I’m guessing. I set a bunch of low ball offers to see if algos will fuk up and panic sell me some $30 April calls for $20/each ($20 total not per share).
03-13-2023, 08:51 AM
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#2719
- camaleom
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I am in the banking industry but this is beyond me... I will watch from the sideline
the stock is taking in the arse we are one of the big one...
who knows what would happen next
the stock is taking in the arse we are one of the big one...
who knows what would happen next
"Paper money is going away" - EM
03-13-2023, 09:08 AM
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#2720
- forthenoodz
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Originally Posted By Carbonfibre⏩
wait wut isn't the S&P 500 upthere is chaos in market atm
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
I wouldn't trust anything currently
trap door is opening on everything or dip is being bought
impossible to tell when volume is hitting insane levels
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
I wouldn't trust anything currently
trap door is opening on everything or dip is being bought
impossible to tell when volume is hitting insane levels
03-13-2023, 09:18 AM
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#2721
- Carbonfibre
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- Carbonfibre
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Originally Posted By forthenoodz⏩
the regional banks are doing stupid shiit just single equity nameswait wut isn't the S&P 500 up
this doesn't affect sp 500
anyways
here comes the big dip buying
fed printer turned on again it seems
liquidity coming in big into futures
03-13-2023, 09:30 AM
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#2722
- Carbonfibre
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- Carbonfibre
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spx 4000 by end of day at this rate
fed printer back baby
this is like months worth of move in one day geez
fed printer back baby
this is like months worth of move in one day geez
03-13-2023, 09:42 AM
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#2723
- RobParks2M
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Originally Posted By Carbonfibre⏩
Premiums are nutty for regional banks.the regional banks are doing stupid shiit just single equity names
this doesn't affect sp 500
anyways
here comes the big dip buying
fed printer turned on again it seems
liquidity coming in big into futures
this doesn't affect sp 500
anyways
here comes the big dip buying
fed printer turned on again it seems
liquidity coming in big into futures
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-13-2023, 09:45 AM
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#2724
- Carbonfibre
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Originally Posted By RobParks2M⏩
Everyone wants to get in.Premiums are nutty for regional banks.
Like I said only interest to me was KRE ETF (safer if you can even claim that haha)
KRE spread and implied vol insaneeeeee.
so phucking expensive.
03-13-2023, 10:35 AM
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#2725
Originally Posted By dankydank⏩
Did you close your puts yet?Europe and Japan nosediving at open. Dragging down US premarket to almost breakeven/red on some index after being up 2%. Dollar dying and other regional banks taking the D in premarket still
I: Self, Lord and Master.
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03-13-2023, 10:46 AM
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#2726
- RobParks2M
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Originally Posted By Carbonfibre⏩
I bought NYCB few 100 shares at $6.41Everyone wants to get in.
Like I said only interest to me was KRE ETF (safer if you can even claim that haha)
KRE spread and implied vol insaneeeeee.
so phucking expensive.
Like I said only interest to me was KRE ETF (safer if you can even claim that haha)
KRE spread and implied vol insaneeeeee.
so phucking expensive.
If it keeps recovering I’ll sell ATM calls around $7 or maybe $8. InB4 they go under after hours today
Fitness connoisseur
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03-13-2023, 11:22 AM
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#2727
- mulletwarrior
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In b4 LMK google that for you. But does anyone know whether this new emergency facility will have a restriction on the use of proceeds (i.e., only use them to shore up cash on the balance sheet, can't use cash for more loans, etc.)? If not, then this really is QE (per my thoughts on the thread in main misc and Katya's links - at least I understand fed and IMF reserve banking as much as the russian bots!)
The swings today are wild. Obviously market trying to process info in real time, with initial reaction that the substantial equivalent of QE is back on, but now maybe they think it is not.
The swings today are wild. Obviously market trying to process info in real time, with initial reaction that the substantial equivalent of QE is back on, but now maybe they think it is not.
mo e
03-13-2023, 12:59 PM
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#2728
- RobParks2M
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If anyone has a long timeline and a potential huge gain on junior preferred shares- FNMAK are the junior shares with par value $50 and a dividend of 5.5% assuming they are legit back out of government control. They are trading at $2.55 today so I scooped some more after buying initially at 2.65. If put back on public markets $2.50 is the yearly dividend you’d see once dividend is reinstated.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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03-13-2023, 01:27 PM
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#2729
- hardestgainer
- Squats Barefoot
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- hardestgainer
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Had a meeting with the guys in charge of lending at my FI, they are considering giving a discount on existing variable rate helocs because they are projecting we will forclose of too many homes this year
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03-13-2023, 01:50 PM
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#2730
- RobParks2M
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Originally Posted By hardestgainer⏩
Oh lawwwwd lol. Canada is truly fukt thoHad a meeting with the guys in charge of lending at my FI, they are considering giving a discount on existing variable rate helocs because they are projecting we will forclose of too many homes this year
Edit: on the variable rate thing I mean.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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