Very scary scenes at a First Republic Bank $FRC branch in Brentwood, LA yesterday as customers tried to get their money out before a possible bank failure next week. It's crazy to think how fast these "bank runs" can be, but Silicon Valley Bank $SIVB went from $200+ billion to failure in just 48 hours last week so I just hope the US government does the right thing at their emergency meeting tomorrow and bails out all the uninsured depositors w/more than $250k in their accounts (accounts up to $250k are covered by FDIC insurance). While $250k in an account sounds like a lot, 97%+ of Silicon Valley Bank customers had more than that as they are business accounts and since that bank went bust, now all of Silicon Valley is worried about even being able to pay payroll next week -- even giant companies like $ETSY have stopped paying sellers already! So, if the government doesn't act RIGHT AWAY, there will be more runs on more banks and lots of businesses are going to fail and this situation could blow up the entire US economy...VERY SCARY! C'mon government, do your job to prevent this potential widespread devastation! Please share this and help everyone see the danger here, we MUST pressure our elected officials to do the right thing here URGENTLY or else we willl all suffer immensely!

Sooooooo many dumb unprepared greedy newbies think they’ve mastered trading lately, they’re in for a rude surprise LOL

I’m really praying this rumored $110 billion in losses on #Archegos is wrong, this is the kind of #BlackSwan event that can cause an ugly domino-effect chain reaction that takes down over-extended bull markets like our current $DIA $SPY $QQQ 2008 style. Fuck you Bill Hwang, truly