Following a long summer of french martinis and bloody marys, Carter Braxton Worth has placed his polo gear in the family mud room and taken to the charts to have a gander, or two, at Deutsche Bank.
He posits the shares have zero support, currently well below the 2009 lows, saying it can go ‘all the way.’ He then goes on to compare its paltry $15b market cap to some of its American competitors, whose caps are 10x Germany’s largest bank. Having a eureka moment. C.B. Worth says ‘something’s wrong here.’
Indeud.
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DB is going to end up owing its creditors more than it is worth! There is going to be a massive rush to the exits as Germany already said no to Bail out. Bail In, bitches!
if DB were a direct competitor to GS as Lehman was, then it could go “all the way”, but as such it will be nationalized by year’s end, bail-ins notwithstanding… but what the hell do i know, i’m not even on Exodus…
It’s amazing to see it down this far and markets near highs.
i am not amazed by anything anymore, but i’m the idiot that considers arcane fundamentals, p/e and macro flow….. if the “markets” were markets, then circuit breakers would be getting triggered all over the place today!
ps is anyone foolish enough to trust a politician like Merkel or any politician at that? Or how about trusting a central bank? remember when SNB ripped everyone’s faces clean off when the said they’d hold the peg and then did exact opposite?
There was a world cb effort to contain DB from the start of this year. The failed stress test at in Jan and emergency fed meeting with obama, allowed them to print and build this cushion. but now this back to reality time as the CB’s have spent their last wade this spring and summer.
CBs can print to infinity, so no they didn’t blow their wads — they’re all insane ne0-keynesians and as such will go down with the proverbial ship, with social unrest and Apocalypse only making these clueless PhD’s double and triple-down that much harder..
All losers expect others to fix shit for them. Ripping off others is going to be a dangerous profession. America may get its own cultural revolution. Remember in 2009, people where burning supercars and attacking the rich.
i’d carefully consider and reconsider how you define losers and winners in this new normal; & if you thought 2009 was bad, you aint seen nothin yet!
and re my previous reply:
Yellen Says Fed Buying Stocks Is “A Good Thing To Think About”
http://www.zerohedge.com/news/2016-09-29/despite-japanese-failure-janet-yellen-suggests-buying-stocks-help-increase-spending
Yellen is so on her ass, after trump wins by a landslide cus the polls are manipulating reality by mass media. Brexit is world wide. The deep state lost control of the people as they are in too much pain. papering over shit does not matter when people take to their pitch forks.
actually, the deep state wins with a Trump presidency, since he will be scapegoated when the mother of all crashes goes down on his watch all while easing up on the warmongering that most Americans are sick and tired of (release valves)… the deep state never loses, only the debt-slaves lose a la pimps up, hoes down.
Drudge headlining the clusterbomb. Somehow doubt it will have much impact. Actual “humans” are not in the tape anymore. Barring the sheep like 401k suckers. Who will never ever sell
Muni’s and pensions got pushed into high yeild. They are screwed.
Buying DKT.