top of page

Market Update Newsletter 3/15/23

Markets rallied yesterday after getting over the SVB fiasco, but Credit Suisse (CSG) lost 30% overnight after Saudi International, their largest lender, said they will not lend Credit Suisse any more money, dragging European markets down significantly.


The DOW opens up today down 600. It's important to remember this all started with one company that operated irresponsibly and took too much risk. Does the issue make transparent the obvious flaws in our banking systems? Yes. Does the issue damage or permanently change our banking practices? Probably not. Fractional reserve banking has always been a problem but many crises later we still didn't make any changes.


I believe that this is a classic dip that is bringing some stocks closer to their actual value and some lower than they should be. Violently trading in such a volatile market is like hitting a Squirrel in the eye with a dart from 11 feet away, it is ill-advised.


Stocks to Watch


Apple (AAPL)

Meta (META)

Nvidia (NVDA)


Hold the Line!

The Punkrock Capitalist

1 view0 comments

Comentarios


bottom of page