https://www.cnbc.com/2024/02/07/nycb-moodys-downgrades-banks-cred...

https://www.cnbc.com/2024/02/07/nyc...anks-credit-rating-to-junk-shares-tumble.html

"NYCB shares continue tumble after Moody’s downgrades bank’s credit rating to junk

• New York Community Bank’s shares continued their downward spiral Wednesday after Moody’s Investors Service cut the firm’s credit rating two notches to junk status.
• The regional bank has been in freefall since reporting a surprise loss last week, along with mounting losses on commercial real estate and the need to slash its dividend by 71% to shore up capital levels."

Not looking good at all. I am sure this sort of triffle is no reason to not see the S&P at 6k next week right? Or am I being too bearish for the perma bulls? hehehe. Sorry if this was already posted just quickly passing through and HC continues to freeze up. Major tops are followed by big falls/crashes and market seems to be putting in a major top IMO so watch out below.

P.S. I am sure everything is fine though since we are in a "new bull market" right? hahaha.