https://twitter.com/MFHoz/status/1641495099073781776
For bulls who are tempted to buy bank stocks right now, I refer you to the chart below.
Because this is the fate I predict awaits every bank that requires government bailout.
There's no such thing as a "systemically important shareholder". pic.twitter.com/mzQgYCjdls
— Mac10 (@SuburbanDrone) March 30, 2023
Fittingly, in a denialistic Idiocracy, the bull case and the bear case are now the exact same:
Financial crisis forcing the Fed to lower interest rates from 6% CPI.
The only difference is how we view the outcome.
HINT: This will make 2008 seem like a good time. pic.twitter.com/PIr0ddKnvE
— Mac10 (@SuburbanDrone) March 30, 2023
https://twitter.com/MFHoz/status/1640110605225820161
The most widely followed U.S. stock index is down year to date in 2023.
The 50 dma backtest has been rejected every time to new lows, since the all time high: pic.twitter.com/vyKg56U4np
— Mac10 (@SuburbanDrone) March 30, 2023
The S&P is five months overbought on breadth.
Round-tripped back to the SVB collapse level.
Bulls, your chance to double down with Michael Burry. pic.twitter.com/eS3WYwIFmN
— Mac10 (@SuburbanDrone) March 30, 2023
#recession … #GFC2 South Korea edition
The similarities to 2008 keep piling up!#semiconductors $SMH $EWY 📉 🥶 https://t.co/Z3wpvVzBfc pic.twitter.com/JYp56KFRlr
— Invariant Perspective (@InvariantPersp1) March 31, 2023
UK house prices fall at fastest annual rate since 2009 https://t.co/VcVmfZc6wT
— The Guardian (@guardian) March 31, 2023