Banks Are Crashing

Tyler Durden's picture

Party's over...

With the yield curve flatter than before Trump's election, and rates collapsing, reform was the last best hope for bank bulls...


And after Friday's debacle, it appears investors have lost patience...


Banks are now red YTD...


Think banks are oversold? Maybe not...

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American Psycho's picture

time to start fillling those OTM BAC calls. right? Anyone?

MagicHandPuppet's picture

Don't fret.  Our FED overloards slept in this morning.  They'll fix it after they've had some coffee so us tax-slaves/fiat-currency-slaves will have nothing to worry about by noon.

CJgipper's picture

Here comes the 10am PPT back in action.......

NidStyles's picture

Let me know when they start going bankrupt, then the party will really be over for them.

J S Bach's picture

Nothing's "crashing".  The counterfeting safety net is always there to bail them out.  The end will comes gradually with insidious inflation - boiling the frogs to death slowly rather than scalding them quickly.

Chupacabra-322's picture

@ J S,

Slowly, since 2008 or 1913.

MrBoompi's picture

Agreed.  A 9% "correction" just means some insiders cashed in their positions after a great run.  I believe to qualify for crash we'd need to see the value drop much lower, well below 19.  

goddammoron's picture

About the same time Jesus comes back and takes grandma to heaven.  

Calling for the end of the US system is funny.  Get off Facebook and take a trip anywhere outside your bunker.  Oh right, you can't leave and go anywhere without your AR.  

Scared, terrified, simpletons.


Trumptards = Libtards.

Arnold's picture

My AR stays in the truck's gunrack, but the flash bangs are easy to carry.

Kokulakai's picture

Yes, because we all know everything goes up forever.

Just ask Dick Fuld.

goddammoron's picture

Dick Fuld?  Should I ask O.J. too while at it?

fuzh007's picture

speaking of everything goes up the $ is up right now 

chubbar's picture

Who gives a fuck what bank stocks do? Why should they matter to anyone outside of wallstreet or idiots who hold that stock?

Kokulakai's picture

Confidence and animal spirits.

GUS100CORRINA's picture

"FAZ" BABY .... GO BABY GO!!!!!


Death to the Money Changers!!!!

Chris88's picture

FAZ mathematically goes to zero, you need to be a moron to use those instruments to short.  Why don't you just short the worst banks, assuming you can understand them.

JRobby's picture

"The banks have a stronger financial footing now than at any other time in history thanks to some of the things.............blah, blah, blah......."

Chris88's picture

US banks are far better capitalized than anywhere else on Earth.

2_legs_bahhhhhd's picture

Are you sure you understand what capitalized means?

Chris88's picture

Considering I spent decades doing fin service M&A and now manage a Long/short portfolio of them I think I do.  TCE/TA is 9% on average at US banks, 3% Australia, 4% China, 4-6% Europe.  You wanna dig yourself a deeper hole?

CheapBastard's picture

I'm bad at mafff but how will this hurt the middle class...or at least what's left of it?

tmosley's picture

It's fine so long as you don't hold overnight (or in the absence of reversals in the downtrend).

Chris88's picture

It's fine for short term trading, and for people that don't understand FIG enough to short the worst FIG companies.

Rodders75's picture

But, but, Gartman is trust in him is completely restored.

TeamDepends's picture

Fear not, the FDIC has your back.

TAALR Swift's picture

That's a relief. For a nanosecond I thought it said "Banks are Cashing"

fbazzrea's picture

and they're dancing in the streets!

LawsofPhysics's picture

LOL!!!  Bullshit.  Let us know when these banks are down to 25% of their "all time high".

My guess is that the PPT will have them all made whole again by 3:30 PM.  (after the trading desks have booked all those profits from being short at the open of course)

The house always wins dumbasses.

syzygysus's picture

I give it by Europe close.  1130am ramp of all ramps.

Hammer823's picture

The house most certainly always wins.  It's rigged to happen that way.  Might as well make some money off it.

lester1's picture


2ndamendment's picture

BAC's chart looks like its been clubbed like a baby seal. 

BigWillyStyle87's picture
BigWillyStyle87 (not verified) Mar 27, 2017 9:46 AM

But but but i thought they had FORTRESS balance sheets!!!!

JRobby's picture

"The banks have a stronger financial footing now than at any other time in history thanks to some of the things.............blah, blah, blah......."

Fake Trump's picture

No problems, the US government will bail them out. Too big to fail. 

BandGap's picture

Time to get out my crying towel. Laugh so hard I'll cry.

Ricki13th's picture

Banks are not crashing trust me Janet Yellen would have said f*k it and gassed up the helicopter herself.

JRobby's picture

I hope she brings some rope with her when she boards. Better yet, a chain!

thismarketisrigged's picture

still way way overvalued.


too far away from 0 right now, much more to go

Chris88's picture

How many of the commenters have put together or analyzed FIG professionally?  Show of hands.

Cursive's picture

How is having a deeper understanding of Fortress relevant to commenting about a possible top in bank stocks?

Chris88's picture

FIG = financial institution group, not understanding this proves you don't work in the industry.

aliens is here's picture

Banks are collasping? Really? My bank just jack up my interest rate again.

Dg4884's picture

Just the beginning.

Son of Captain Nemo's picture


falak pema's picture

Who is THEY? 

Sounds like a conspiracy theory hatched in the Kremlin ! 

Gnomes of Lenin !