12-03-2023, 10:34 AM
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Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread
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12-03-2023, 10:38 AM
The will be people buying the dip for sure and market may even bounce.
But it is highly foolish to pick pennies jn front of bulldozer.
Not that there will be a financial crisis for sure. But there is a loss of 600B in treasuries and mortgage societies due to the rapid rate hikes. Many smaller banks died standing....
Any bounce is for traders to get in and get out fast
Bug trouble let it come first before buying..
But it is highly foolish to pick pennies jn front of bulldozer.
Not that there will be a financial crisis for sure. But there is a loss of 600B in treasuries and mortgage societies due to the rapid rate hikes. Many smaller banks died standing....
Any bounce is for traders to get in and get out fast
Bug trouble let it come first before buying..
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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