I know. Very strange, but then everything is these days. Maybe those 'in the know' reckon there's no way Merkel and Co will let DB fail, but if she bails them out, the pitchforks will be out in Greece.
Seems strange if such a huge bank is on the verge of failing and the stock market also seems unaffected. We could have it wrong, but I sold a pile of shares as a precaution.
Interesting blog post on jsmineset.com by Jim Sinclair in his usual gruff brevity. But the Vix is steady. Is this worth a coin toss?
Don't worry, I'm sure everything is fine, the banks are sound and it's never been a better time to put your money in the markets.
Not really strange, just how markets are today. People generally believe there is no risk anymore and governments/ center banks will always fix everything. Got to love the simple-minded.
If German government allowed Deutsche Bank to charge customers fees like Australia, I would be in like flynn. Having said that it could be a good long shot bet for lazy money. The current trouble is all about the 14b fine, once that blows over they will go back up.
Some positive news for Deutsche: they don't look as bad as Lehman did. That's setting the bar rather low however.