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Got Volatility

Monday, October 3, 2016 0:09
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(Before It's News)

by Lance Roberts, Clarity Financial

Thursday night on the ‘Real Investment Hour” radio show, I noted it was quite likely the market would get a bounce as soon as something was done to shore up the issues surrounding Deutsche Bank. Well, on Friday, that happened as Agence France Press (AFP) reported that Deutsche Bank was nearing a $5.4 Billion settlement with the U.S. Justice Department. A largely reduced fine shored up some of the capital concerns for the bank sparking a huge rally in its shares on Friday and sparked a short-covering buying frenzy in the banking sector.


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