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Turning point coming
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<blockquote data-quote="bacha29" data-source="post: 5535449" data-attributes="member: 58386"><p>Post 208 on 3-15-2022, Am I confusing you? It's March of 2022. And the Fedex Q2 of fiscal year 22-23 will be announced next week.</p><p>Now did you have money or stock in SVB? I didn't. So why should I care about what Jim Cramer does or does not say. And I'm NOT a member of his investing club. People with deposits of up to $250,000 will be insured. Got more than that in there?...That's the risk you agreed to take.</p><p></p><p>At it's peak SVB bank more than 170 billion in deposits. In order to meet on demand withdrawals it sold Treasuries and stock at a loss of 1.75 billion and it still couldn't keep up with the customer demand for withdrawals.</p><p></p><p>When Kenny Polcari said to buy short term treasuries and CD's until rates level off and new support levels are set...that's what i did.</p><p></p><p>In the meantime earlier this week Brian Sullivan had Scott Sheffield CEO of Pioneer Natural on. Brian was going easy on the guy letting him cry and sob the way they always do. But back at the front desk Becky Quick was getting tired of listening to it and so she pinned Sheffield down wanting to know what the break even production cost per barrel was for oil drillers. He tried his best to juke and wiggle his way out of it but Becky would have none of it. Finally, he had to come out and say it,....$39 a barrel.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5535449, member: 58386"] Post 208 on 3-15-2022, Am I confusing you? It's March of 2022. And the Fedex Q2 of fiscal year 22-23 will be announced next week. Now did you have money or stock in SVB? I didn't. So why should I care about what Jim Cramer does or does not say. And I'm NOT a member of his investing club. People with deposits of up to $250,000 will be insured. Got more than that in there?...That's the risk you agreed to take. At it's peak SVB bank more than 170 billion in deposits. In order to meet on demand withdrawals it sold Treasuries and stock at a loss of 1.75 billion and it still couldn't keep up with the customer demand for withdrawals. When Kenny Polcari said to buy short term treasuries and CD's until rates level off and new support levels are set...that's what i did. In the meantime earlier this week Brian Sullivan had Scott Sheffield CEO of Pioneer Natural on. Brian was going easy on the guy letting him cry and sob the way they always do. But back at the front desk Becky Quick was getting tired of listening to it and so she pinned Sheffield down wanting to know what the break even production cost per barrel was for oil drillers. He tried his best to juke and wiggle his way out of it but Becky would have none of it. Finally, he had to come out and say it,....$39 a barrel. [/QUOTE]
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