Australia's largest stock trading and investment forum Australia's #1 stock forum

SP500

Click for more information

0.58%

2,958.8 standard & poor's 500

yes - l suspect if SVB depositors weren't saved it could...

First 13855 Last

Share
Profile

Follow
Chris60

2,480 Posts.

79

13/03/23

20:35

Post #: 66742537
Share

Originally posted by swaggytrader: ↑

Another crack appearing, this is a pretty big one (below). Could there be other bank runs in the US? Time will tell.
I have converted my free cash into physical gold, I have operating cash in my bank account with a similar amount in debt (both relatively small) if our banks go belly up, they take my money along with my debt. Doesn't seem possible, but we're in uncharted waters, so doesn't hurt to have things in place in the event of an unexpected surprise.

London/Hong Kong(CNN)Markets in Europe and Asia tumbled Friday following a sharp selloff in banking stocks in the United States as a major tech lender said it had to sell shares to plug a hole in its finances.SVB Financial Group (SIVB), which is partnered with nearly half of all venture-backed tech and health care companies in the United States, was forced to raise capital after it sold part of its portfolio of US Treasuries at a loss to cover a rapid decline in customer deposits.

Expand

yes - l suspect if SVB depositors weren't saved it could have been a very nasty month. looks like we are going down - sentiment is over ripe for a fall

Value at posting: 2,958.8
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 588 more messages in this thread...

First 13855 Last

Add SP500 (INDEXSP) to my watchlist