[newaccount2023]

we already know First Republic isn't going the way of SVB, despite the blog posts and upvoted HN comments to the contrary

FRC was listing at a P/E of under 2 yesterday...either its collapse is imminent or this is one of the strongest fundamental buy signals I have seen in twenty five years of investing

icing on the cake is all of the Robin Hood kids who are just stumbling upon the blogosphere of bearish Fed critics, thinking they are the first to discover that fiat currencies are basically a faith proposition...and then coming to some conclusion that FRC is a great short

folks I too was hoodwinked by the Fed critics on sites like safehaven.com twenty years ago, none of the "sound money" blog fodder is new

will FRC ever regain its top of 174? who cares, anyone entering in now will be printing money if it only ever retraces 50%

if enough Robin Hood kids shorted this, it could easily hit $200 on fake short-covering energy alone