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Credit Suisse? More like Credit Default Swap
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They got hit with money laundry charges recently, they need to keep quiet, but instead are full steam ahead.
Appear strong when you are weak…..
“Then this guy walks into my office and says those same banks got greedy, they lost track of the market, and I can profit off of their stupidity? Fuck, yeah, I want him to be right!”
Exactly my mindset this weekend
Time to employ the Inverse Cramer.
You know an article becomes part of history when it still gets updated 5 years after publication…
So, spy puts? Lol
Credit Sus
From Credit Suisse to Credit Issues in a blink of an eye
Rich coming from bear sterns
See? It’s fine
Fellas have a look at this chart of inflation adjusted earnings.
https://www.multpl.com/s-p-500-earnings
Notice any differences between now and 2008? Earnings on the S&P 500 went from 120 to 9.5 (-92%). Earnings went from about $27 to 9.25 (-66%) between 1929 and 1932. Today we have record earnings. They can and probably will fall a bit but there’s no signs that this is going to a replay of 2008. American banks are stress tested now and it’s unlikely that you morons ever know something no one else knows.
Personally, I think inflation is a tailwind for profits and inflation decreasing will be a tailwind for valuations. Rising interest rates will make valuations fall regardless of rising profits though. High risk and high reward right now.
Debit Suisse
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HEARTBREAK FEELS GOOD IN A PLACE LIKE THIS
There’s a shit ton of damage control going on. And it’s not working ( def not working on Reddit)
Bear Stearns is fine
Reuters is a Candian Company that is Swiss owned….