(05-03-2023, 05:09 PM)stockguru Wrote: PACW is done. They just announced another failed bank wow! Other regional banks will follow and collapse soon. Big hedge funds shorting regional banks. Should be illegal. Fed said banks are solid. Just wait till tomorrow. This fed should be fired.
Funny thing is PACW insiders were buying like crazy last month. How could this go so bad?
I will admit I bought a lot of banks in recent weeks. But I added ones with less exposure and cash in hand. But that may not matter now. The powers to be want all these banks to fail so that only the ones backing you know who wins out. JPM will be swooping in on the cheap. This country has become joke sorry to say lol. The little banks should have just as much right to succeed.
ZION and WAL next to go under
They want the banks to fail so there's less of them and banks like JPM can become a monopoly. I have some banks and its not looking good. A lot more pain to some. The FED jacking up interest rates a quarter point this afternoon put PACW over the edge and most banks.
I added a bunch of Gold right before the close. I have a feeling Gold is headed much higher from here because of all the bank failures to come.