DB (Deutsche Bank) House of Cards?
05/29/2018 – if you search ‘DB’ on my site you’ll see I’ve been watching this company for the past couple years. Why? Well, they are the largest holder of derivatives in the world and have so many ‘tangling alliances’ w/ the major global banks that they contain some serious systemic risk.
folks, this is getting really ugly … the probability of a contagion in Europe is growing larger every day.
watch the global flow of funds in the coming days … the ‘big money’ is going to have to go somewhere and, quite frankly, a big old position in the DOW 30 isn’t necessarily a bad thing is it? Yes, were going to get some global equity hits over the coming days weeks but ultimately, watch VOLUME and look for measured moves … but, for now and perhaps the foreseeable future stay out of Europe.
will update as we continue along …sheesh, the Eurozone is a hot mess.