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Fed's New Rescue Program Just Like the Old Program - 3/13/23

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XLF above 30.90 (200DMA, weekly) still. Many stocks like JPM etc still in bull trend or they didnt break key levels. Gold saved 1810.

I dont see anything amazing - key level to watch is probably 3.50 on 10y yield. Very important level.

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Rising apple stock and several others stocks suggest to me a flight to liquid assets (maybe from SVB, deposits? Its better to buy apple for 2 mln usd than have this in t-bills.)

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9 minutes ago, fxfox said:

Rudy Havenstein banned at Twitter.

Damn it! 😂

Again. Wonder what the asshole did now. 

 

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11 minutes ago, DrStool said:

Somehow, I don't think that this will end well. 

Credit Suisse will fall, that‘s my bet. And then the FED and ECB have to help the SNB or this will end in one giant global clusterfuck.

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11 minutes ago, fxfox said:

Credit Suisse will fall, that‘s my bet. And then the FED and ECB have to help the SNB or this will end in one giant global clusterfuck.

The central banks have an either or choice. Policy that promotes hyper-inflationary collapse. Or allow deflationary crash. 

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One thing is fer sure: No one on earth really knows what‘s in all those derivatives portfolios of major banks. They are all toxic.

Derivatives started to get out of hand at least 2 decades ago. 

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3 minutes ago, DrStool said:

2-3 day cycle projection 3780. 

-ix-g

In other words, test the December low. 

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1 minute ago, DrStool said:

In other words, test the December low. 

And if that doesn't hold, 3500 by Wednesday. 

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I can't speak for everyone, but as a US taxpayer I'm happy to guarantee an unlimited amount of deposits at your financial institution Mr. Banker.

Just add it to the ever-increasing debt & risk I owe into the future... I'm sure it will all end well. 🖕

Still working on my escape plan from this developing train wreck...

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