AFF Member Stock Discussion

With a third US Bank failure you might want to watch the Dow Futures. It was up 300 before the third bank failure. I look at CNBC for guidance.
 
I bought ASB which is Austal and I topped up on CQE which is 2 weeks off a quarterly distribution announcement.
Austal are working on submarines in the US.
 
cove said:
With a third US Bank failure you might want to watch the Dow Futures. It was up 300 before the third bank failure. I look at CNBC for guidance.
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We shouldn’t equate bank failures in the US with bank failures in Oz, it’s a way more fragmented market that we have by a factor of about 50.

Number of Banks in the U.S. – How Many Are There?

As of the end of 2021, there were 4,844 insured commercial banks in the United States. We break these down by state and explain how this number got to where it is today.
www.moneycrashers.com www.moneycrashers.com

In short in the US they can afford for a few minor banks to fail without it being catastrophic. Yes, the Fed will be watching closely but I see this more as an opportunity than a disaster in the making.
 
burmans said:
In short in the US they can afford for a few minor banks to fail without it being catastrophic. Yes, the Fed will be watching closely but I see this more as an opportunity than a disaster in the making.
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Small banks fail all the time in the US. This one probably got the headlines because of its recent valuation and its connection to the tech sector.
 
cove said:
I bought ASB which is Austal and I topped up on CQE which is 2 weeks off a quarterly distribution announcement.
Austal are working on submarines in the US.
Click to expand...
I shouldn't read these posts when I'm tired. I thought you wrote Austral (Austral Bricks) and thought those subs will really sink 😂
 
Good one @Buzzard. I do hope that you are enjoying retirement,
Austal is cough dividend and one of my mates has many of them. I had always felt it was a bit risky as they are dealing with the US.
The ASX futures were down 132 so today may be tough.
 
Better put your crash helmets on for tonight and tomorrows markets. Fear is replacing greed in the overseas markets.
 
lovestotravel said:
Another day
Just that little bit closer to a proper and prolonged stock market crash
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XcC7Q_.gif
 
So the US has fixed the SVB problem by quarantining 100% of all deposits. As one person I read for finance news said all that it does is ensure that banks make even more risky investments as they are not on the hook.

It ain’t going to end well though it remains to be seen how far down the road the van has been kicked.
 

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