Tuesday, February 16, 2016

Deutsche Bank Is Not Fixed..........

Deutsche Bank Is Not Fixed

THE PRESIDENTS DAY HOLIDAY BOUNCE IN MARKETS IS SIMPLY A LIGHT VOLUME / NO VOLUME RAMP BASED ON AN ALWAYS HOPEFUL, OPTIMISTIC NARRATIVE PUT FORTH BY CHEERLEADERS THAT APPRECIATE THEIR PAYCHECKS.

Having bounced 22% off Thursday's lows, amid endless confidence-inspiring chatter (of buybacks, bailouts, bank CEO buys, and SWFs saving the day), Deutsche Bank closed lower on the day, tumbling over 6% from its opening highs as the reality of the credit markets continues to sink in. 



Deutsche Bank (and its $64 trilion derivatives book) is not "fixed" - far from it...




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