Swan Watch: Deutsche Bank Tanks
The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget (non-p.c., my bad). As per September 2016, when it traded single digits for a few nanoseconds, we are not so sure the financial authorities will allow it to get or stay there.
ZH out with a good piece today on the market dynamics when a TBTF bank — and Deutsche ranked the world’s most dangerous — stock enters the death spiral. Unpredictable nonlinear dynamics take over.
Watch this space. Not even close to registering on the markets’ radar.
Source: https://macromon.wordpress.com/2018/05/24/swan-watch-deutsche-bank-tanks/
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