Credit-suisse-crashes-most-ever-after-admitting-it-suffered-bank-run-and-breached-liquidity
Are the domino’s of the global financial system about to collapse? Take a look at the charts of any of the biggest US banks. They have gone basically straight up over the last two weeks. Being as extended and overbought, they might now go straight back down, if the shit is about to hit the fan. This could be why(although they won’t admit it) that the FED and the rest of the central banks are about to blink. Got gold? https://www.zerohedge.com/markets/credit-suisse-crashes-most-ever-after-admitting-it-suffered-bank-run-and-breached-liquidity
Sir CM,
Thanks for sharing this.
Somehow the MSM managed to suppress the Credit Suisse going under news after it surfaced to the headlines in September (if I remember correctly)
What is holding this market together?
Today META plunged.
The other day GOOG plunged.
Tomorrow AMZN should bring the market down more.
But Nasdaq continues to be above 52-wk lows.
I must say, hats off to Sir Rambus for the bearish call a couple of weeks ago.
Of course, Dave Hunter the Contrarian maintains his double bottom call (June 22 and October 22) and says that the melt up has started.
But another guy that I follow regularly on Twitter had maintained that after the recent new lows, S&P needed to hold/close above 3838 today for the bulls to sustain this DCB.
I monitored him almost daily when he posted the below on 8/11/22. His 900 point down move as the next “direction” on S&P was a great call, so I give him lot of respect.
We went from 4325 on 8/16/22 to 3491 on 10/13/22.
https://twitter.com/PKDayTrading1/status/1557745751778037760
GL