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Tuesday, 02/21/2023 4:51:31 PM

Tuesday, February 21, 2023 4:51:31 PM

Post# of 142289
Speaking of banks losing control...anyone else notice Credit Suisse (CS) plunged right down thru the floor below $3 and the CDS rates are soaring (again) for them and Eurobank? This is probably adding to the market's volatility in general (incl AMC)...in my opinion.
It also doesn't help that Evergrande (3333.hk) is STILL suspended and not trading a year later. So much for auditors, regulation, market accountability, recovery plans, winding-up lawsuits, etc! Just more on-going examples of how the ripple effects and interconnectedness is far and deep. There is so much rigging going on that it's only going to take one bump to bring the house of cards down now. I wonder who has either of those being applied against margin calls as equity and how that will affect the volatility we'll see in the short term...if anyone...? Hmmm?
Imagine shorts still losing on their positions...during a recession. Ouch.
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