Member Info for fordm

Top people = corrupt!

CS Switzerland has now jumped 28% from yesterday's close.

Metom, yes Asia has dropped, but not massively and they are delayed a little. Monday they were ok, whereas Euro and US stocks took a hit.

Cannot believe the usual suspects are at it again. Maybe time to regulate the crap out of banks and have constant surveillance over their investment dealings?
This could also be the trigger they want to go full bore on CDC's... Who knows!

"The Swiss National Bank said Wednesday that Credit Suisse

is currently well capitalized and that the central bank will provide additional liquidity if necessary.

A statement from the Swiss Financial Market Supervisory Authority and the SNB said that Credit Suisse “meets the capital and liquidity requirements imposed on systemically important banks” and that the central bank will step in if the situation changes. The regulators also said that the failure of two U.S. regional banks in the past week does not pose a “direct risk of contagion” to Swiss banks."

Lets see what the markets do tomorrow...

I think tomorrow will be another day down, this is far from over.
No amount of rate reversal will stop this now.
Fed went too fast too soon, this is the result. ECB and other national banks followed, all to 'tame; inflation, instead of just accepting the new level of good and services.
Now, we have fallout, too much money tied into long term returns that needed to be short term and when people want their money it has to come from somewhere, that will be the bond market which have not performed.
This is 2008 all over again, but they do not want to frame it as that, otherwise it will make them look like complete idiots... again!

Lloyds, something very very wrong with you. Anyone that watches that must have a few loose nuts and bolts.
The fact that you actually went looking for it??

F***ing Swisss, with their lederhosen and cuckoo clocks. Bunch of w***ers.

Lederhosen is more the Austrians to be fair. The cuckoo clocks, not as much any more. They are into the massive cowbell ringing stuff that makes you go deaf.

The Swiss Fed will not intervene CS. There was a lot of backlash in 2008, a referendum was held and no bail out for banks.
UBS may step in and take over, also Swiss National Bank already clarified their position.
SwissCom is 51% Fed owned, so that will not fail, CS has no ties to Swiss Fed.

Skindle, no no no! You are wrong, sanctions are hurting Putin, not us. Do you not listen to our media?
We are sacrificing for the greater good... Western civilisation and democracy!
Okay, even I laughed at the last line.

On the up days this sp takes the smallest steps, on the down days, this races to the bottom... and wins!

Kirk, nope! Back in covid days we actually hit 220!!

This will go lower when the yanks open. Pre-market, their airlines are negative too.

Look for this to peak next Feb, I no longer see this hitting the 180 this year, that is 30% up from here. Never going to happen.

They just do not want people flying, they also want to strip any wealth away from people. No money = no power, no power = you become a slave and forever in servitude.

This sp is starting to just suck d**k now.

On the plus side (??!!**) it's up 1.5% in a year, that is only 1% less than what I get on savings.

"... it's reassuring to know that our magnificent leaders have nothing but our best interests at heart." ??!!!!
WTF?
I think bobbins has lost it, final stages of acceptance, it is only a matter of time now, no longer if, but when.
Stay strong bobbins, you are stunning and brave!!

Good to see the travel stocks are up 4,5 and 6%, even RR is up 7+%, but not IAG, nope!!
Barely 1.5% and coughing up a lung doing that!!

Too many banks (again!!) took on dodgy debt and got greedy for a quick payday, jumping on the tech hype train.
CS was in trouble from last year, the Swiss national Bank has distanced itself and said it would not intervene if it collapsed, due to public pressure.

bobbins, I have heard of him, believe it or not through, of all people Bill Gates who said his book 'Evicted' describes Americans living in poverty. I guess Billy boy does not get the irony?
I read small excerpts of that book and it was about the 2007-2008 crash and how families were thrown out of their homes.. constantly.
Nothing has changed, probably got worse if anything.
I will go back to what I always say, we can do so much better, but we (the powerful) chose not to.