Boiler Room: The Official Stock Market Discussion

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1st Round Playoff Exits

Domingo Halliburton

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Blows my mind that these interest rate moves have been telegraphed for weeks even months and these pension funds and investment banks are going to blow up. I understand some of these swap agreements last for years, but you don't hedge?
 

Rickdogg44

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Also by the end of this week, California will send start sending out stimulus checks:


We all know how the market responds to stimulus

I think it was posted before... with the 2008 graphs being similar to now. I may just straddle in early November

 

its2late2hate

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man, whats up with VISM. I had 100k shares and now in Etrade the ticker has changed to a bunch of numbers. It went to $5.00 on thursday but I missed that. Now it says it is at .65 and is showing 79k gains. I am confused.
 

BreezyH

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Blows my mind that these interest rate moves have been telegraphed for weeks even months and these pension funds and investment banks are going to blow up. I understand some of these swap agreements last for years, but you don't hedge?

Pension funds don’t really have the same flexibility unless they invest with hedge funds who are nimble in environments like this. Looking at the numbers money managers are on the sidelines so I’d say they are adequately prepared. Those who aren’t are probably hoping for a new Fed out to rescue them



Also by the end of this week, California will send start sending out stimulus checks:


We all know how the market responds to stimulus


Inflation got us into this mess, should probably be the last thing people are clamoring for
 

bnew

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There are some serious rumours doing the rounds about a major bank failure​

  • October about to start with a disaster?

Adam Button
Saturday, 01/10/2022 | 20:12 GMT-4

Credit Suisse stock price


ABC Australia is reporting that a major investment bank is on the brink, citing 'a credible source'.

Most are pointing towards Credit Suisse. It was caught out in the Archegos disaster and since then (Feb 2021) its share price has spiralled to $3.90 from $14.90. Moreover, the credit default swaps are at distressed levels.


A memo from the CEO to staff circulated late on Friday:

"I know it's not easy to remain focused amid the many stories you read in the media – in particular, given the many factually inaccurate statements being made. That said, I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank," he wrote.

Today, Fox Business' Charlie Gasparino reported that:

"CEO Ulrich Koerner has been meeting w major institutional investors worried the firm is on shaky financial footing and assuring them the bank has strong capital, liquidity etc. One large investor tells me "the bank and wealth management platform are very valuable, but the investment bank is a disaster." The CDS's of the bank have been trading as if a Lehman Moment was about to hit."
This could lead to an ugly open tomorrow and something far worse if it proves to be true.

The bank will have to effective refute this in the strongest possible fashion, otherwise they'll have clients pulling money and couter-parties cutting credit lines. Rumours like these can be self-fulfilling.

We've already got an inflation crisis and an energy crisis. How about a banking crisis too?
 
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