I’ve seen The Cure half a dozen or more times over the years. They have so many familiar songs 2-3 hours doesn’t cover all of them. I went to...

Don’t miss Feherty. His schtick had run thin. I bet Phil looks better in person and feels better. He lost a lot of weight. The only...

Hoping I can get a secondary market for The Cure at Hollywood Bowl. Three nights there. I’m just not dedicated enough to play the fan ticket...

Silicon Valley Bros “SVB’s home loans were significantly better than those from traditional banks... The loans were $2.5 million to $6 million,...

On a quarterly Friday? Both sides of the range at risk.

As long as FRC doesn’t go bankrupt JPM will get its money back. It’s not a catalyst for a higher stock price

2yn chart looks like 3.50

JPM etc loaning the deposits that were transferred out back to FRC @5%! Genius.

Part of the contagion is online “banks”offering much higher rates on deposits and consumers are moving money pressuring reserves at traditional...

The option expiration for signature has been extended. No one is sure what price to assign as it may trade again.

I don't think it can be assigned while halted. Eventually SIVB will trade even if it's for fractions of a penny. Enron traded for many years as a...

10y yield is the same as it was 10 months ago and same as it was 6 months ago.

Pretty sure Bob sold a put in FRC not SIVB.

I’d tend to be a buyer of the mc banks from here.

Bank of America has $113 Billion of unrealized losses on its balance sheet This represents >60% of tangible book value BAC stock is unchanged...

If you look at a 5y chart of CS I think that’s going to happen to a lot of banks. A grind lower on profitability reserves.

Green shoots

CS been in trouble for many years. Plenty of time to exit for all stakeholders

This is why there are too many public banks. Not enough risk opportunity to go around to satisfy stakeholders

We’re not that far from another “no short list”.

The entire financial market is psychological. Why should stocks trade at a 20 multiple vs a 10? “Historical valuation?”

“The fundamentals of the economy are strong”

There are 750 publicly traded banks. Why? Where’s the profit in a slowing economy and competition for deposits. That doesn’t even include...

600 banks/financial institutions failed during GFC. How many have failed so far this year? 3? If 100 fail no big deal compared to 2008

The artificially low manipulated VIX was ripe for reversion

2008 GFC was triggered by Fed tightening and derivative failure

This is quarterly expiration week. Kolanavic been writing about volmageddon and option skew. Come to think of it. I don’t think any of the...

Allman Brothers?

WTI to $67. Still think it goes to $50. Around a 2year low now. Gasoline is peskier probably due to transition to summer blend

If treasury had allowed destruction of capital rates would go lower and stay lower. Had fed not raised so fast and just did QT we’d be a lot...