[Presbyterian Reporter]

It appears the cash infusions from the FED are not making investors happy

[Presbyterian Reporter]

One year ago folks were buying First Republic Bank for—

$174.21 03/22/2022

Chalk up another mess to Biden’s “I did that.” regime.

[cgbg]

Investors want to get on the Fed cash infusion list—then they will be happy.

Everybody wants a handout these days.

Time for my favorite Ayn Rand quote:

“When you see that in order to produce, you need to obtain permission from men who produce nothing –

When you see that money is flowing to those who deal, not in goods, but in favors –

When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you –

When you see corruption being rewarded and honesty becoming a self-sacrifice –

You may know that your society is doomed.”

[Tell It Right]

For what it's worth, as of market close last Friday the S&P 500 is down 18% from its ATH. And banks comprise a significant portion of the S&P.

But even if one was to say, "Well of the 44% of First Republic's drop, 18% is part of the broader market downturn", that still leaves 26% of First Republic's drop specific to First Republic that's beyond the broader market downturn. Basically, First Republic is dropping more than twice as fast as the rest of the market.

[Theoria]

A couple more bank crashes and we might see spy 420 soon.

[VTenigma]

https://www.youtube.com/watch?v=Thv2gypnqrA Ozark Mountain Daredevils

[RoosterRedux]

I thought it said "Free Republic Stock Nears Records Low"!

I was getting ready to buy, buy, buy!!!

[Mozzafiato]

Flagstar Bank has purchased a significant portion of Signature Bank today for pennies on the dollar. Flagstar stock is a great buying opportunity.