Dow futures jump 250 points as regulators announce backstop of SVB depositors: Live updates

CNBC ^ | March 12, 2023 | Tanya Macheel

[Organic Panic]

I will not be holding my breath for a “thank you” card.

[wetgundog]

This how it goes; Up, down, up, down, up, up, up, down, down, down, down,...... Where it stops, no one knows

[gibsonguy]

So the tech leftist scumbags are getting a bailout

[Round Earther]

This is chump change compared to 2008 but only the American taxpayer is not too big to fail.

[Mom MD]

dow futures currently up over 400 points

[ConservativeInPA]

Makes little sense to me given the economy sucks and there are still a bunch o’banks that are still in trouble and few details are available as to how collapsed banks have been rescued and how many more can be saved. I was watching ES trade at market open this evening for a few hours. It was not high volume. The conspiracy theorist in me thought that trading could easily be manipulated by several Big Banks taking turns trading back and forth. Trust me when I say, banks manipulate markets ALL the time. It’s not beneath them. They would be doing this to give investors some confidence in markets. If they just wanted to profit, they could just as easily short.

Take it day by day.

[CapnJack]

Well, I guess we can determine which banks in the future that will be bailed out based on their political contributions.

Opensecrets has this about SVB:

https://www.opensecrets.org/orgs/svb-financial-group/summary?id=D000057336

You decide.

[Deo volente]

Just keep printing money.
I mean, what could go wrong?

/sarc

[usconservative]

So the tech leftist scumbags are getting a bailout

Worse than that: One of the culprits at Lehman Brothers who was responsible (to a degree...) for the 2007/2008 banking meltdown did it again.

Yep, some of the same players then are players now, getting rich(er) off the same shit.

Makes me sick.

This crap only stops when brave men take up arms and start rebelling.

[DoodleBob]

That's because it's all Soros and Zelinsky and WEF and...

...wait...did you say UP?

[CFW]

A couple of pre-market traders trying to “prime the pump” so to speak.

Dollar Falls in Aftermath of SVB Collapse

Japanese Shares Tumble on SVB Fallout

Australian Shares Slip Amid SVB Fallout

New Zealand Shares Fall to Over 2-1/2-Month Low

https://tradingeconomics.com/stream

[Round Earther]

We are gonna party like it’s 2008.

[alstewartfan]

Prince Harry’s Nazi uniform is becoming threadbare. Bail out the poor man!

[NWFree]

You first

[freedumb2003]

The trend us what is important. And since Joe t he pedo took over it has been DOWN. WHen he took office the Dow was nearlly 36,000. It is around 33,000 and has not hit 34,000 since he began.

My financial advisor, who works with one if the biggest financial investment institutions in the world, told me that both stocks and cash being down at the same time is UNPRECEDENTED since The Great Depression.

I have been fortunate to tread water. I have strategized our investments to take advantage of the inevitable upswing even if that is 2 years down the road.

[Osage Orange]

I think this is a Cramer moment...............

Might be a good open....I'd guess metals..and energy , might bounce in the morning.

Who knows....but this "M" is dicy.

FWIW

[31R1O]

If there ever was a time for Wikileaks.

[Jane Long]

That....or, 1929.

[Jane Long]

Ha! See post 19.