Silicon Valley Bank Crash today

soundingthealarm

Well-Known Member

soundingthealarm

Well-Known Member
Brace for US stocks to crash again – their extreme valuations echo the 2022 bear market, Morgan Stanley strategists warn

Get ready for US stocks to crash again, because they're looking overvalued — just like they did at the start of the bear market last year, Morgan Stanley strategists have warned.

"The stock market and the credit market are fighting the Federal Reserve's likely path of rising interest rates. US stock valuation is at an extreme," the team in the bank's wealth management division said Monday.

https://markets.businessinsider.com...s-2022-bear-morgan-stanley-stocks-2023-3?op=1
 

TimeWarpWife

Well-Known Member
A couple of days ago, I read this article on FoxNews where the writer stated he believes the stock market will crash in the next 60 days. https://www.foxbusiness.com/markets/stock-market-crash-60-days-best-selling-author-lehman-collapse I'm not a financial expert by any stretch of the imagination, but I do have a little bit of common sense that's told me for a long time now that the only reason there hasn't been another - or worse - crash than what started the Great Depression has to be because of the protecting hand of God. For years now, the Feds have been artificially propping up the economy and stopping it from making needed corrections, so there has to come a time when the proverbial "pay the piper" has to be done ~ and we may just have reached that time. When it does happen, I have this sick feeling it's going to be way worse than the last Great Depression. It could also be just what the globalist elites have been hoping for to finally bring about their "great" reset. Of course, they've had a huge hand in making this financial mess we currently find ourselves in.
 

Spartan Sprinter 1

Formerly known as Shaun
A couple of days ago, I read this article on FoxNews where the writer stated he believes the stock market will crash in the next 60 days. https://www.foxbusiness.com/markets/stock-market-crash-60-days-best-selling-author-lehman-collapse I'm not a financial expert by any stretch of the imagination, but I do have a little bit of common sense that's told me for a long time now that the only reason there hasn't been another - or worse - crash than what started the Great Depression has to be because of the protecting hand of God. For years now, the Feds have been artificially propping up the economy and stopping it from making needed corrections, so there has to come a time when the proverbial "pay the piper" has to be done ~ and we may just have reached that time. When it does happen, I have this sick feeling it's going to be way worse than the last Great Depression. It could also be just what the globalist elites have been hoping for to finally bring about their "great" reset. Of course, they've had a huge hand in making this financial mess we currently find ourselves in.
I think you're right, i've heard and read that the global stock markets shoulda crashed a million times over and it's a miracle that it's still operating normally
 

GotGrace

Well-Known Member
https://www.fool.com/investing/2023/03/09/why-shares-of-svb-financial-crashed-today/

SVB reported that it sold a large chunk of bonds at a loss and now needs to raise capital.
What happened
Shares of SVB Financial (SIVB -56.47%), the parent company of Silicon Valley Bank, tanked by more than 39% as of 10:45 a.m. ET today after the bank announced it was selling bonds for a loss and raising capital.
I guess many of the techies will be laid off from their jobs now. I’m not
sure the young techie generation that have had everything handed to them and all given trophies will be able to cope.

Back to mom and dad’s basement. Probably will have to find a safe space.
 

paul289

Well-Known Member
Could be lots of tech companies crashing in the coming weeks or months, and not necessarily just the visible ones. There's gonna be companies that process payroll, run enterprise systems, stuff like that. So it won't just be not being able to watch stuff on your Roku. Companies that have built their operations around certain apps affected by this may go under.

On the plus side, maybe there'll be some affordable property in San Jose, CA?
 

soundingthealarm

Well-Known Member
https://www.jpost.com/business-and-innovation/banking-and-finance/article-734050

Startup founders in California’s Bay Area are panicking about access to money and paying employees. Fears of contagion have reached Canada, where the bank’s loan book has doubled in the past year. SVB’s unit in the UK is set to be declared insolvent, has already ceased trading and is no longer taking new customers. On Saturday, the leaders of roughly 180 tech companies sent a letter calling on UK Chancellor Jeremy Hunt to intervene
 

soundingthealarm

Well-Known Member
Bloomberg

SVB Fallout Spreads Around World From London to Singapore​

 
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