RE:RE:RE:RE:RE:RE:RE:Fancy headlineLook at what is going on with the regional banks in the U.S. after the SVB collapse. The mkts are throwing out the baby with the bathwater. First Republic is down 53 % was down 75 % earlier but is not in the same siuation as SVB and does not have the issues SVB has There are few other regional banks in the same siuation as FRC down big time because the mkts. over react. I was reading Warren Buffet is likely buying the dips in this sector, he is a smart man.
The mkts arn't necassarily smart all the time and just beacause PYR didn't go up on the N / R doesn't mean the mkts laughed, you have to look at the non rise in the entire context of the whole mkt. an thhis was justt a add on and not substantive.. basically that without substantive the mkts will not reward it but it doesn't mean its a bad co., all it means is that this point in time its on hold until it has news as a catalyst.
Many small caps are in the same siuation.