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Dr. Fly
Indeud

European Banks Hit Fresh Record Lows

Dr. Fly Thu Jun 16, 2016 8:37am EST 2 Comments

What does it all mean? Pretend that I’m an idiot reader, unable to connect the dots. Please inform me why European banks, Unicredit, Credit Suisse, UBS and Deutsche Bank, hitting fresh all time lows is something that I should deem important, especially in the context of us being in a roaring bull market and all.

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They’re all down in the order of 3%+ in Europe today.

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2 comments

  1. roundwego
    roundwego
    June 16, 2016 at 9:04 am

    wow reality is dawning on bankers. vix is acting like aug 2015 crash rather than the jan 2016 no participation melt down.

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  2. carolina
    carolina
    June 16, 2016 at 12:01 pm

    trade could be to go long banks in-the-hole in the anticipation of a close “stay” decision one week from today.

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