iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,533 Blog Posts

The Market Looks Great

I heard you like banks? How do you like this chart, the KRE regional bank ETF.

It’s only a matter of time now because SCHW loses another $100b in deposits thanks to cash sorting.

What does this market landscape look like now?

Well, we have Chinese penny stocks barreling higher by 1000% inside a few short hours, heavily short one day bankrupt companies shooting higher based off a sugar rush, and BIG TECH surging ahead thanks to monopolistic practices. The real market is the IWM and the IWM is down nearly 12% over the past 3 months. We have a real tangible danger ahead of us in regards to the regional banks — because the loss of equity causes insolvency.

BANKS IN TROUBLE:
PACW, FFWM, FHN, WAL, ZION, BKU, CMA, BOH, KEY, SCHW, EBC, CUBI.

Like 2008, this burgeoning crisis is very transparent, slow moving, and predictable. Enjoy the semblance of normalcy now for by the time Autumn comes ’round, you’ll be lit aflame and burning to a cinder begging for it to end.

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