Everyone suddenly seemed to stop talking abt Credit Suisse. Their 5-Yr CDS went down…Where are all the expert YOLOers at?
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Sold my calls then moved onto BBBY
Tell me if I’m wrong, I think this is the way but 2 weeks in I’m newbie
Bought calls on Friday, inverse WSB
Forgot about the sauce but Swiss government borrowed 3 billis on short term to facilitate some “restructuring”. Due time is this week.
So we will see whether they kick the can or not.
Meanwhile, some rats already leaving the sinking ship so its less cash infused. If it speeds up, $CS will fall in the short term -> MOASS for meme stocks possible. ![img](emote|t5_2th52|4270)
CS is likely going to fall hard unless the Swiss government decides to bail it out OR they successfully pander the “global economic risk” card and get the world to bail them out since they are likely holding a ton of Uber-rich & powerful people’s money (who can influence governments).
https://old.reddit.com/r/wallstreetbets/comments/xzopsj/im_a_credit_suisse_retail_client_and_im_pissed/