Is the stock market going to tank?

[406]

What is up with SCHW?

[LeeLau]

What is up with SCHW?

Dunno but I sold some puts

[Cono Este]

The fat lady may be singing.

[JimmyCarter]

Bank stocks crashing though all deposits are backstopped. Hysteria.

In general the banking sector is actually very safe, though the madness of crowds wins out over logic in times like this

[Mazderati]

All in on KRE!

[LeeLau]

Bank stops crashing though all deposits are backstopped. Hysteria.

In general the banking sector is actually very safe, though the madness of crowds wins out over logic in times like this

Ironically. BTC is having a good day while SCHW is having a bad one (am long both). TIPS also up nicely (very long). No patterns in any of these other than random data.

Meanwhile VIX went above 30 for the first time in a long time.

[Mustonen]

DIF: https://www.difxs.com/DIF/Home.aspx

Yeah, plenty of firms out there selling excess deposit insurance to financial institutions. But I’m reading your post as a non-sequitur….?

[stalefish3169]

Ironically. BTC is having a good day while SCHW is having a bad one (am long both). TIPS also up nicely (very long). No patterns in any of these other than random data.

Meanwhile VIX went above 30 for the first time in a long time.

Is it actually ironic tho?

[JimmyCarter]

Bought FRC at average of $21 between halts. Praying the momentum holds

[RoooR]

All in on KRE!

I got some at a little over 42.

[406]

bought some SCHW at $49.556

[summit]

Got some SPY at 381.91
And some F at 11.50
C at 45.43
PFE at 40
I'm boring though. All the excitement is at the slightly risky banks.

[RoooR]

Got some SPY at 381.91
And some F at 11.50
I'm boring though. All the excitement is at the banks.

Why Ford? The stock is basically the exact same place it was 30 years ago.

[summit]

Why Ford? The stock is basically the exact same place it was 30 years ago.

It's a safe place and makes a decent dividend. It's not a big stake. But I can park some $ there like a little longer term money market. It is kinda like owning T or VZ in my brain. I am using JEPI too for a more medium parking place.

[LeeLau]

Bought FRC at average of $21 between halts. Praying the momentum holds

I'm in too! 24 so not great but just a few shares for the Lulz while getting some pow

[::: :::]

just received a check from a client over the weekend
drawn from an SVB account

sigh

so far, it's deposited

[406]

anyone else get a don't panic email from your financial institution?

[Mustonen]

anyone else get a don't panic email from your financial institution?

I would laugh if they actually said “Don’t panic.”

Prevailing wisdom seems to be that most average consumers aren’t paying enough attention or drawing the immediate conclusion that your normal local or regional FI is going to meet the same fate, so better not to advertise the possibility.

[skaredshtles]

Besides... who the fuck keeps more than $250K in their checking/savings account?

[406]

Includes CDs. If joint account, covered to $500k...at least that is what my CU told me.

[4matic]

SCHW is probably struggling with new deposits and capital with SF struggle. I’m guessing trading is way down

[sirbumpsalot]

Besides... who the fuck keeps more than $250K in their checking/savings account?

People who need liquidity for their $1B and don't want to open and manage 4000 bank accounts with different institutions?

[LongShortLong]

anyone else get a don't panic email from your financial institution?

One says I'm preapproved for a personal loan. Heli trip on me

[Mustonen]

Includes CDs. If joint account, covered to $500k...at least that is what my CU told me.

Basically $250K per ownership type, so your $250K personal mad money account is separate from the $250K each joint account, plus you can make beneficiary accounts and add another $250K per beneficiary. Plus IRAs.

If anybody is looking for more insurance you can add me as a beneficiary, just PM me. I’ll send you my name and address… should be all they need. Happy to help the old, sick, and rich among us.

[skaredshtles]

People who need liquidity for their $1B and don't want to open and manage 4000 bank accounts with different institutions?

Eh. Fuck those people.