Biden Insists “The Banking System Is Safe” As Bank Stocks Go Crash Boom

Starts at 15:40…. First Republic Bank down 66%Western Alliance Bancorp down 75%PacWest Bancorp down 46%Zions Bancorp down 44%Bank of Hawaii down 42%Customers Bancorp down 54%East West Bancorp down 32%Comerica down 39% — Steve Lookner (@lookner) March 13, 2023 https://twitter.com/burningplat/status/1635270385934688264 Biden: …

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“Many clients are generally bearish on stocks at current prices given the earnings risk, but they are unwilling to sell into the strength for fear of missing out on a further rally” –MS

"Many clients are generally bearish on stocks at current prices given the earnings risk, but they are unwilling to sell into the strength for fear of missing out on a further rally" –MS pic.twitter.com/7FVxfVYz9N — Gunjan Banerji (@GunjanJS) February 13, …

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CHART: Stocks Are Still Very Expensive

Wilshire 5000 Market Cap to GDP is still well above the madness of the 2000 super bubble peak. Con artists want you focused on short-term catalysts and not on the bigger (more important) picture. pic.twitter.com/CuSf6tsGnb — Minsky Moment (@BP_Rising) January …

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Remember the “work from home” Tech stocks?

Back in May was the first signal to exit. #amazon #amznhttps://t.co/3vKfbvH6oi — Patrick Karim (@badcharts1) December 31, 2022 Laid-Off Silicon Valley Workers Panic Sell Start-Up Shares As Valuations Crash https://t.co/LzMjzOEcU0 — zerohedge (@zerohedge) January 1, 2023

Multi-year declines in stocks are unusual. When they do happen, the declines tend to accelerate in year 2 and 3. Could this be the markets 2022-2024?

by silvertomars   Elon Musk Predicts “Serious Recession” in 2023, Announces Plans for Twitter and Tesla Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell …

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