Loading ...Credit Suisse and the six degrees of separation……….Jim Rickards
Credit Suisse was highly aggressive in freezing Russian assets and applying sanctions.
Then China aligned with Russia.
China is Saudi Arabia’s biggest customer.
Then Saudi Arabia refused to bail-out Credit Suisse.
Now CS is de facto nationalized.
See how it all works?
https://twitter.com/TraderStef/status/1636362059632762881?
BINGO !
Credit Suisse will be going back above 20 dollars. This stock is also an excellent buy provided it does not break down below 1.60.
Call options are the obvious method with so much panic in the air. But straight up shares is just fine. Depends on your risk tolerance. My charting indicates quite a lot of upside over the next few years in spite of the extreme panic at the moment. This stock crash is a psyop like many others. The current low price in CS is totally unjustified. Strap on your ball protection and weigh in for a trade that rewards. I do not think you will be disappointed.
{Assumed results are based on forecasts but cannot be assured….Do your own Due Diligence}
CS is already bouncing. Tread fearlessly is my motto. I have not looked but I will bet calls have spiked in price already. I am not the only one who knows how to read a chart.
Farmer — I never claim to be any good at reading a chart – sad but true!
May I ask what the charts suggest to you as to how long it will take to “get back over 20”?
Thanks
Look for symmetry Kewl2. The question is how long did it take to fall this far? Charts are funny that way. They will often mirror prior moves in terms of time and price. Not always of course and rarely with precision but its a general way to make judgement calls. We would be talking a few years in this case. The last time it was anywhere near 20.00 dollars was in 2018 which is 5 years in the past. So give it that much time to slowly climb back out of the hole.
The bank is not going to go bust. If it did then all of Europe would blow up too and so would most of the developed country banks. Its not just a systemically important bank, it is so large and so important that for it to bankrupt would likely mean the end of the Euro or the current monetary system. No way in hell will that ba allowed to happen. EVERYONE has an interest in keeping CS solvent and functioning.Everyone is invested there in one way or another.
So ignore the doomers on this score. You need to understand that there is no *real* stock market anymore. The only way for the inside players to make any money these days is to stampede the general public, Pension Funds and the Hedges into making rash trading decisions. That’s where the opportunity lies. So what is happening right now is a very public financial type of drama to get as many people on the wrong side of the trade as possible. Then insiders can go long off the bottom and profit for years to come. We are at the bottom now. So buy without too much fear but hedge it (just in case.). My model works well in any event and its indicating a lot of upside in this one particular chart.
Let me put this another way, Kewl2. We have enough information by now to understand that the recent insolvency of several banks in the US was entirely contrived and expected by insiders. There are too many signs pointing to insider information before hand and its obvious those banks were crashed deliberately. You would need to do that to start a bank panic and runs. Its the reason that everyone was made whole in SVB. Because nobody really intended it to be wiped out anyway. It was just a tool of a Wall Street and Central Bank agenda. So I would be a buyer of banks here. The market is in fine shape for the moment. If you want to worry though I have a date for you. Be prepared for a mega crash in mid 2024. I mean a market crash that feels like we are going back to 1929. You have a little more than a year to prepare, get debt free, shore up a cash stock and get your positions fortified. Then look out below!