With the largest US Bank looking very much like it's going under, I was wondering where all those deposits will go. As an investor in HCBK, I'm hoping there. But do you think that other smaller banks will benefit?
It's going to be a scary weekend if C goes under. Look for a press release to be put out before Asian markets open Sunday night. I wanted to take off next week, but just can't with the markets at their lows. Like I said a couple of days ago, we're gonna get one of those monster short-squeezes soon and I want to be massively long for it when it comes.
Also, this weekend I'll work on a post to describe my evening last night. I dined with Traders B, D, E, K, N, P, and Z. I'm hoping to begin a series of interviews with each trader in the office. Developing...
Everything I've read indicates regionals and community banks are doing well in this environment. They avoided junk mortgages and are now benefiting from increased deposits.
ReplyDeleteLong term I would think they are good investments, but the big boys are going to drive the market as long as they exist, which won't be long.