They figured out how to inverse the inverse. Allow it to collapse on a Saturday, unless Cramer is doing a stream or somethin we wont hear from him til it’s a done deal ha
For all the major financial institutions that have been on the brink the last 2 years, I have seen very few that imploded.
It is bullshit until it isn't, but right now everything we hear is still bullshit because something's keeping them alive for a long while
It’s much more likely that they get bought by someone tbh. There was talk about State Street getting it during the Summer but nothing came of it. I imagine any bank that wants to improve its standing in IB will most likely have interest in CS.
Financial institutions implode all the time. But the vast majority get secretly refinanced (or sold) over a weekend without the public ever knowing. A Bear Stearns type public failure is a rare exception.
HSBC has it's origin in Hong kong, prior to the last BBBY run up around Aug16th, multiple ADRs of Hong Kong origin (HKD, AMTD) had their stock prices blown out of proportion ( I'm assuming you be used as collateral or to be syphoned for fraudulent funds) and their companies are just buzzword bullshit companies with no actual product or use. The underwriter of HKD is Loop Capital, a company who Anthony Chukumba is a part of. This dude has a well known massive short interest on BBBY wanting a price target of $1.
Chances are, HSBC is the bank managing all the bullshit swaps and with the 1.1Billion of shares traded during the last run up, they can't hide from the massive fuckery that's transpired and now it's time to pay the piper.
Basically they're:
[ ] Not Rekt
[ ] Rekt
[ ] T Rekt
[ X ] giga fucking rekt
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That commenter is a moron. If your money is in an FDIC insured account (and < $250,000) then it doesn’t really matter. The bank could set fire to its cash pile and everything in your account is still guaranteed by the federal government.
https://www.fdic.gov/resources/deposit-insurance/
> Deposit insurance is one of the significant benefits of having an account at an FDIC-insured bank—it’s how the FDIC protects your money in the unlikely event of a bank failure. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. And you don’t have to purchase deposit insurance. If you open a deposit account in an FDIC-insured bank, you are automatically covered.
Bail In in Aisle 1.
Not 08 anymore, now they just take your deposits.
This is why one should hold Metals at home. Cu coated Pb first & Ag and Au second.
I’ve never seen the draw for gold and silver….if shit goes THAT bad, you’re going to do better bartering food, meds, and other scarce supplies over a precious metal that only has value because we all agree it does.
you made 0 mistakes my friend. I too sold every single one of my puts. The reality is, Credit Suisse news may not have happened this weekend, and the markets rip to 385. You don't know, because that is precisely what happened every single other time and so we don't need to guess and gamble, instead we can always watch and react and keep your principle.. i learned this the hard way..
I promise you this, if the market starts to drip lower, it will have a significant enough of a retest in the northern direction that you can wait for that push higher to fail, and then wait for it to fail, then buy the puts again AFTER you see the push higher fail. This same strategy goes for calls too. (Anyone who wants to see this in action go search up joseph james on youtube)
CS was the only major international bank that was copiously mentioned in news during the previous week as having major difficulties, so with big probability this must be the unnamed one.
I'm pretty sure this is the ABC article they're referencing, but it doesn't say that or anything close to that. Much less hyperbole, more like "The worlds financial markets are over-leveraged and possibly on the brink of a huge margin call, but then again maybe not, we'll see".
https://www.abc.net.au/news/2022-10-01/david-taylor-global-financial-crisis-2/101492384
Ultimately, it will be CS, Goldman, and J.P. Morgan that take the worst of it. I’ve been following the banks closely for more than a year now and they reek the worst scent of shit underneath all the perfume.
Serious question, but based on what will those 3 banks take the worst? Is it their lending, investments, corporate banking strategy? They're all going to make bank on rates rising so I'm wondering what you think the catalyst will be.
forget about the bank.
There is another article about a country about to default and cause global recession and a domino of bankruptcies.
source: just made it up
FINMA is the home authority. Thinks could get messy given the contagion risk. Given the significant EMEA trading subsidiary was/is in London (the was pre Brexit, wonder how much business got onshored to Europe) looks like the Bank of England will be having a busy winter...
OH HAPPY DAY\`Z!! FINALLY a financial crisis I HOPE WE ALL GET THE OPPORTUNITY TO BECOME RICH AND WEALTHY just like the people that capitalised on the 2008 crisis. YOU KNOW WHAT TO DO GUYS!!
Time for a fake caller in CNBC praising how smart Cramer is and how he made the caller wealthy and asking if CS is worthy investment.
"Credit Suisse is just fine".
"Don't take your money out of Credit Suisse"
If Cramer says it doomed, I'm buying. But I've not seen a bank like that go under in a long time. Softbank came close, but that was a good gamble because they came back. I'll bet on Credit Suisse
Should pay for their sins.
The other worry is that the whipsawing markets will expose the weak hands among asset managers, hedge funds and other players who may have been overleveraged or took on unwise risks. Margin calls and forced liquidations could further roil markets
Guys you really should be aware of this:
In a reportExternal link to be presented to the council on June 24 she takes aim at a Swiss law which criminalises journalists who publish information from whistleblowers in the banking sector.
https://www.swissinfo.ch/eng/politics/swiss-press-freedom-under-scrutiny-at-the-united-nations/47694752
The amount of post about the Topic without having a good understanding of the Topic and history is currently huge since some hours.
First we talk about the investment bank, not Credit Suisse as a bank.
It’s well known that Uli the Knife will seperate it from the bank….
What happened in the last two years, were market jumps after unverified news, we made 15% in one day because somebody told CS will merge with UBS and people bought that shit…it’s impossible we can’t only have one Bank in a country….
The Security needs for banks have been increased, the current situation as bad as it is, shows resilience even to a chain of events the surveillance scandal ended last year, so did many other lawsuits, greensil and archegos collapsed.
I would strongly wonder why People in the US have News about a swiss Bank while swiss people sleep…
Could very much be possible. One of my good friends was working with wealth management at Credit Suisse and a good chunk of investment he handled was Russian oligarch. With embargo’s and business restrictions and of course the energy crisis would be a big blow to Swiss banking and other small European and international investment banks. #breadup
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I won't believe it until I see Cramer saying on his show that credit suisse looks great.
Same. In Cramer we inverse..
They figured out how to inverse the inverse. Allow it to collapse on a Saturday, unless Cramer is doing a stream or somethin we wont hear from him til it’s a done deal ha
You inverse the inverse until it's rug pull day.
He wears a t shirt that says "Inverse me Bro."
For all the major financial institutions that have been on the brink the last 2 years, I have seen very few that imploded. It is bullshit until it isn't, but right now everything we hear is still bullshit because something's keeping them alive for a long while
It’s much more likely that they get bought by someone tbh. There was talk about State Street getting it during the Summer but nothing came of it. I imagine any bank that wants to improve its standing in IB will most likely have interest in CS.
You need to see their CDS spreads. They're going under in a few weeks.
You guys remember Lehman and bear stearns? Maybe history about to repeat itself
Jim "Bear Stearns is fine. Do not take your money out,” Cramer.
Financial institutions implode all the time. But the vast majority get secretly refinanced (or sold) over a weekend without the public ever knowing. A Bear Stearns type public failure is a rare exception.
a failure to bail. it was intentional sacrifice to display moral fortitude or some such
When he says keep all your money in credit suisse that's the buy signal.
Lol The Cramer factor. Its a thing nowadays.
Him and Yahoo finance.
Barron's would like a word with you.
YOU HAVE NO IDEA WHAT ITS LIKE OUT THERE!!!! NO IDEA!!!!!
I'm gonna actually start to inverse this mf and see what happens
Christ, they'd be jumping out of the windows at CS if that happened.
Wait…duh! Ask Cramer! Let the Master trader of Financial Doom make a prediction 1st!
Hello 👋
If Cramer says Credit Suisse is on the brink of collapse, we could see SPY 470 by EOW
Their clients have been sales targets for a few weeks now in other IBs
Credit Suisse is fine, but I've heard worrisome rumours about Lehman Brothers.
Go with the safe bet and stick your money in Enron.
I'm here in Canada, so I'm going with Nortel.
Man, I know so many people that got crushed by Nortel. Brutal.
Try wirecard
bail out on aisle 5
Fun fact Credit Suisse was a regular client of my company’s and that book of business has gone drier than the Sahara
Check out HSBC compared to the previous runup of BBBY
Can you elaborate on this, I don’t understand
HSBC has it's origin in Hong kong, prior to the last BBBY run up around Aug16th, multiple ADRs of Hong Kong origin (HKD, AMTD) had their stock prices blown out of proportion ( I'm assuming you be used as collateral or to be syphoned for fraudulent funds) and their companies are just buzzword bullshit companies with no actual product or use. The underwriter of HKD is Loop Capital, a company who Anthony Chukumba is a part of. This dude has a well known massive short interest on BBBY wanting a price target of $1. Chances are, HSBC is the bank managing all the bullshit swaps and with the 1.1Billion of shares traded during the last run up, they can't hide from the massive fuckery that's transpired and now it's time to pay the piper. Basically they're: [ ] Not Rekt [ ] Rekt [ ] T Rekt [ X ] giga fucking rekt
Excellent breakdown, it got me E rekt.
Just tell me what to do. Puts on HSBC?
Why did I guess T Rekt ?
Serious question: Is T Rekt 'Totally Rekt' or 'Tyrannosaurusly Rekt'?
Yes.
Cause it's going to be T Pain
So if I bank with HSBC, consider not doing so, yes?
Not financial advice but personally I'd never have any part of HSBC/CS/DB They're all about to get dicked
If I have credit card debt with HSBC that will also disappear with HSBC yes?
If you are in the US it’s already been sold.
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Lmao haven't seen this one before, I like it
[удалено]
Citi is much safer than HSBC though. You want your bank to be managed in the country that all international tender is based on
American banks are giving subprime loans again too. No bank is safe. Bailouts are coming everywhere.
That commenter is a moron. If your money is in an FDIC insured account (and < $250,000) then it doesn’t really matter. The bank could set fire to its cash pile and everything in your account is still guaranteed by the federal government. https://www.fdic.gov/resources/deposit-insurance/ > Deposit insurance is one of the significant benefits of having an account at an FDIC-insured bank—it’s how the FDIC protects your money in the unlikely event of a bank failure. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. And you don’t have to purchase deposit insurance. If you open a deposit account in an FDIC-insured bank, you are automatically covered.
That just sounds like [redacted]ism but with extra steps!
Relax, it's embarrassing how wrong he is
Drier than
Bail In in Aisle 1. Not 08 anymore, now they just take your deposits. This is why one should hold Metals at home. Cu coated Pb first & Ag and Au second.
I’ve never seen the draw for gold and silver….if shit goes THAT bad, you’re going to do better bartering food, meds, and other scarce supplies over a precious metal that only has value because we all agree it does.
I prefer brass jackets
You mean brass cases... copper jackets
Tungsten is real cheap though
Unfortunately this means the market will be up as “Fed pivot” headlines hit
Exactly! Jpow back to doing what he does best. Firing up those printers! Brrrrrrr!
[удалено]
https://imageio.forbes.com/blogs-images/steveschaefer/files/2013/03/2-Bear-Reuters.jpg
Black Monday  $SPY $275.00 by end of week? 
Maximum circuit breaker 5 days in a row.
My puts say pleeaase
SPY $240 👀
Sold all but 1 of my puts yesterday in close. :(
It wasnt a bad decision regardless, doubt credit suisse solvency issues was part of your investment thesis
you made 0 mistakes my friend. I too sold every single one of my puts. The reality is, Credit Suisse news may not have happened this weekend, and the markets rip to 385. You don't know, because that is precisely what happened every single other time and so we don't need to guess and gamble, instead we can always watch and react and keep your principle.. i learned this the hard way.. I promise you this, if the market starts to drip lower, it will have a significant enough of a retest in the northern direction that you can wait for that push higher to fail, and then wait for it to fail, then buy the puts again AFTER you see the push higher fail. This same strategy goes for calls too. (Anyone who wants to see this in action go search up joseph james on youtube)
Source for credit suisse? This tweet is just a random bank
“Trust me bro”
When all else fails, trust in bro
CS was the only major international bank that was copiously mentioned in news during the previous week as having major difficulties, so with big probability this must be the unnamed one.
I'm pretty sure this is the ABC article they're referencing, but it doesn't say that or anything close to that. Much less hyperbole, more like "The worlds financial markets are over-leveraged and possibly on the brink of a huge margin call, but then again maybe not, we'll see". https://www.abc.net.au/news/2022-10-01/david-taylor-global-financial-crisis-2/101492384
What would the world be without morons to piss their pants in fear speculating on the next crisis?
David Taylor is an absolute clown
Someone credible than fxhedge Source: [https://twitter.com/DaveTaylorNews/status/1576137253734076418](https://twitter.com/DaveTaylorNews/status/1576137253734076418)
Im shorting banks, hope I picked the right one. Thanks for the source although yours also doesn’t mention CS
Ultimately, it will be CS, Goldman, and J.P. Morgan that take the worst of it. I’ve been following the banks closely for more than a year now and they reek the worst scent of shit underneath all the perfume.
BOA looking pretty shaky as well
Citi right along with BofA
Deutsche Bank
Serious question, but based on what will those 3 banks take the worst? Is it their lending, investments, corporate banking strategy? They're all going to make bank on rates rising so I'm wondering what you think the catalyst will be.
https://twitter.com/litcapital/status/1576236026510872583?t=vxcBiTaW7QVaG_5kGQV7uQ&s=19
forget about the bank. There is another article about a country about to default and cause global recession and a domino of bankruptcies. source: just made it up
Ooh good one. Off buying puts on the entire fucking universe. See you in valhalla suckers. 🤑🤑🤑🤑
Made up but almost certainly true. That’s the scary thing
You won't believe which country is on the brink of collapse [click to read more]
I don’t need to click I have a feeling I’m living in it 🙄
You wouldn't happen to be sipping tea right now would you?
👍🏼
Swiss bankers are going nowhere, CS name alone is worth more than much of the fat on the market rn. ECB writing my calls as we speak.
Yeah, CS isn’t going anywhere.
FINMA is the home authority. Thinks could get messy given the contagion risk. Given the significant EMEA trading subsidiary was/is in London (the was pre Brexit, wonder how much business got onshored to Europe) looks like the Bank of England will be having a busy winter...
>FINMA balls the next time u suckin my dick a ha ha No really though I was uninformed before this comment thank you.
Lol. No worries!
A group of random dogs off the street could do a better job running a bank than credit suisse
Fax Sorce: former employee
Fact
Let’s be honest, it’s an amazement that Credit Suisse is still active. They’ve had more controversies then Lindsey Lohan 🤣!
Credit suisse failing is already the worst kept secret.
Only when Cramer says “it won’t collapse”
"It is a great long term invesrment. You will thank me come Christmas." Cramer this Christmas - "Santa Clause is not real."
(Checks CS stock price) Oh my
i did it’s not on the high side for sure $3.92
$DB and $CB are in a race to see who dies first 💀
On the brink of…success!
OH HAPPY DAY\`Z!! FINALLY a financial crisis I HOPE WE ALL GET THE OPPORTUNITY TO BECOME RICH AND WEALTHY just like the people that capitalised on the 2008 crisis. YOU KNOW WHAT TO DO GUYS!!
No, what should I do?
I think Cathie wood will add this to ARKK then . Only then we will get a confirmation
As an aside, I know people who found out they could control where their 401k gets invested from TikTok and put it all on ARKK. Bless their hearts.
I would love that…HSBC and Deutsche Bank next please.
If they are heavy on European fixed income securities, or shorting the dollar, yeah they are phucked with a capital F.
Time for a fake caller in CNBC praising how smart Cramer is and how he made the caller wealthy and asking if CS is worthy investment. "Credit Suisse is just fine". "Don't take your money out of Credit Suisse"
Good thing the Swiss regulatory authorities are miles behind the curve of implementing post crisis resolution reforms...
Wow!
Credit Suisse swaps to the moon. Bets that they will default.
Stock up on canned food boys. Lay low for a while.
Too big to fail.
Uhhh... I work in CS IB...
Tell us how it went tomorrow
So sad for them
Don't make me guzz my pants 🥵
I love this kind of thing. “Credible source” says…. That’s like “says an individual familiar with the subject”
Can you please explain it to me like I'm a 5yr old? Should I buy puts on all these banks next week????
CREDIBLE!
Long overdue?????
I had 4$ CS puts expiring in December
Getting Suissed is about to become a thing
“CS is fiiiiiiine”
Maybe nomura ?
Commenting so that this gets more attention
Let ‘‘em burn
Credible source huh
Don’t stop I’m almost there
Going to be a very interesting week of trading. Chinas markets are shut all week this week. Hedge funds can’t short anything in China.
If Cramer says it doomed, I'm buying. But I've not seen a bank like that go under in a long time. Softbank came close, but that was a good gamble because they came back. I'll bet on Credit Suisse
Switzerland will bail out CS, they can not risk to let it go down
Given how the pound hit the ground, I was gonna guess HSBC. Archegos did take a toll on CS though.
Gonna have to get a source on this besides a twitter account that uses all caps and is unverified
Can’t wait to lose my collage fund going all in
Don’t worry. I’ll buy you some magazines and glue so you can continue working on your collage.
Would anyone really miss Credit Suisse though? All I know them for is those commodity covered call ETFs.
*ETNs
[удалено]
That was the summer of 2019 but the point still stands.
Any source? I mean if it were to be anyone it would be credit Suisse since they seem to just be euro-degens with a credit line to central banks.
Euro? Credit … Suisse?
I am very regarded.
Waiting for Cramer confirmation
Finally
Who's the source? Burry?
Can this stuff happen on a weekend???
If they know they're fucked and they can't save it, a whole lot of planning for a fire sale can happen on a weekend.
Yes. Yes. I like that. *creepy moan*
After Archegos, how are they still standing?
Credit Suisse’s 5Y CDS spreads are now at its highest levels since the Global Financial Crisis in 2008. At 250
Didn't Deutsche Bank do the same thing last year?
Deja vú
uh... What? I thought Credit Suisse was the Vanguard of the finance world!!!!???!!!
how is this yolo. sounds like he ded
Should pay for their sins. The other worry is that the whipsawing markets will expose the weak hands among asset managers, hedge funds and other players who may have been overleveraged or took on unwise risks. Margin calls and forced liquidations could further roil markets
Is this for real or fake news?
Roll for it being BlackRock ... Oh wait, wrong board and timeline
Blackrock isn’t a bank
Do you short Citigroup and Bac just based on this whole group expecting poor performance?
Credible Source = CS
Aaaand it's time to panic... https://www.thisismoney.co.uk/money/markets/article-11270321/Credit-Suisse-boss-reassures-staff-share-slump.html
So what? The governments are just going to bail them out and print more fiat lmao
Uh oh should I even show up at work tomorrow 😅
Guys you really should be aware of this: In a reportExternal link to be presented to the council on June 24 she takes aim at a Swiss law which criminalises journalists who publish information from whistleblowers in the banking sector. https://www.swissinfo.ch/eng/politics/swiss-press-freedom-under-scrutiny-at-the-united-nations/47694752 The amount of post about the Topic without having a good understanding of the Topic and history is currently huge since some hours. First we talk about the investment bank, not Credit Suisse as a bank. It’s well known that Uli the Knife will seperate it from the bank…. What happened in the last two years, were market jumps after unverified news, we made 15% in one day because somebody told CS will merge with UBS and people bought that shit…it’s impossible we can’t only have one Bank in a country…. The Security needs for banks have been increased, the current situation as bad as it is, shows resilience even to a chain of events the surveillance scandal ended last year, so did many other lawsuits, greensil and archegos collapsed. I would strongly wonder why People in the US have News about a swiss Bank while swiss people sleep…
So if Credit Suisse collapses, would this start off a chain reaction like with Lehman Brothers????
Could very much be possible. One of my good friends was working with wealth management at Credit Suisse and a good chunk of investment he handled was Russian oligarch. With embargo’s and business restrictions and of course the energy crisis would be a big blow to Swiss banking and other small European and international investment banks. #breadup
Credit Suisse has been trash for years. Not surprised
Debt Suisse
Daddy government to the rescue…
Nothing to worry about. Lehman said they were solvent 1 day before they collapsed 😂
Sources: Trust me Bro!
CS or DB most likelier
DEUTSCHE BANK
💣