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Puff and it's gone.... 07:46 - Mar 30 with 445 viewsBanksterDebtSlave

https://www.theguardian.com/business/2021/mar/29/credit-suisse-nomura-archegos-s

"The billionaire investor Mike Novogratz said he thought the collapse of Hwang’s Archegos fund could turn out to be “the most spectacular personal loss of wealth in history”.

....this could well have some ripple effects.

"They break our legs and tell us to be grateful when they offer us crutches."
Poll: Do you wipe after having a piss?

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Puff and it's gone.... on 08:19 - Mar 30 with 376 viewsBanksterDebtSlave

Those share valuations that all seem a little inflated based on fundamentals....don't get caught holding the bag twtd punters....

"Markets were calmer than expected on Monday and, for now, the theory that Archegos is a one-off is intact. But let’s see what the next few weeks brings as every big investment bank in the world checks its hedge fund exposures. Stock markets are displaying pockets of extreme valuations, at least by historical standards. If some banks’ risk-control departments have been asleep, there is potential for trouble."

"They break our legs and tell us to be grateful when they offer us crutches."
Poll: Do you wipe after having a piss?

1
Puff and it's gone.... on 08:38 - Mar 30 with 340 viewsSuperKieranMcKenna

Puff and it's gone.... on 08:19 - Mar 30 by BanksterDebtSlave

Those share valuations that all seem a little inflated based on fundamentals....don't get caught holding the bag twtd punters....

"Markets were calmer than expected on Monday and, for now, the theory that Archegos is a one-off is intact. But let’s see what the next few weeks brings as every big investment bank in the world checks its hedge fund exposures. Stock markets are displaying pockets of extreme valuations, at least by historical standards. If some banks’ risk-control departments have been asleep, there is potential for trouble."


Well said. You only have to look at how many indices are above pre-pandemic capitalisations, yet many firms will have severely impacted incomes - it's madness.
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