They’re uninsured. SO DON’T INSURE THEM. Idiots. My God.
Let ‘Em Burn
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Louis the Loan Shark
The Customers’ Yachts
Kindly note the configuration of the Broker/Dealer Index ($XBD):
Vastly Greater Import
Forget First Republic, and Credit Suisse, and Silicon Valley Bank, and all the other completely trashed and utterly mismanaged financial institutions cluttering the headlines. Bank of America is what counts, and to my eyes, it looks like it’s in for a bad 2023.
Citizen Caned
When I heard the news about First Citizens acquiring the ruined Silicon Valley Bank, it occurred to me I didn’t know what their chart looked like. So I fired up the symbol (CFG) and, Holy Moses, can you say Head & Shoulders Pattern? This sucker is doomed! Check back with CFG a year form now and see where it’s at. Wow! No wonder they bought a bank in ruins.
