I thought Joe Brandon said the banking system is safe. If so, why did multiple bank stocks crash at the market open? Some of them have had their trading suspended.
JUST IN – Trading halted for multiple U.S. bank stocks at market open.
— Disclose.tv (@disclosetv) March 13, 2023
U.S. Regional Bank Stocks Now:
1. Western Alliance, $WAL: -75%
2. First Republic, $FRC: -65%
3. Zions Bancorp, $ZION: -43%
4. PacWest, $PACW: -41%
5. Comerica, $CMA: -33%
6. Fifth Third, $FITB: -20%
Markets are betting that SVB's collapse broke the regional bank system.
— The Kobeissi Letter (@KobeissiLetter) March 13, 2023
Do you know what is not crashing? Gold, silver and bitcoin.
Is the market realizing that the Fed has to pause rate hikes while inflation is still running higher than they want?#gold #silver pic.twitter.com/HAYCjs5Qy3
— Wall Street Silver (@WallStreetSilv) March 13, 2023
#Bitcoin recovered from the biggest US bank collapse since 2008… in just 3 days. 😎 pic.twitter.com/LwlSf9e155
— Bitcoin Archive (@BTC_Archive) March 12, 2023
I’m glad I own all three. If the US Dollar goes to zero value, I’ll still be able to afford food and basic necessities.
The Jew liar Jim Cramer is saying the banking system will be stronger after today. So you can safely assume the opposite considering his track record.
Many banks did invest poorly but most of the big banks didn't. Don't confuse those. Will the banking system be stronger today? Yes
— Jim Cramer (@jimcramer) March 13, 2023
