Don’t Worry, Deutsche Bank Only Down 21% Pre-Market

The ECB will not allow a crash. That I can assure you. So please ignore the following Tweet.

In support of my comforting viewpoint on what the ECB will or will not allow, I present the following concrete evidence.

Deutsche Bank Weekly Chart

DB 2016-06-23

Please don’t worry about any of that, just focus on the bigger picture.

DB 2016-06-23A

Hmm.

I am not quite sure that is the picture I want to present to support my “don’t worry” case.

I have comforting news somewhere. Oh, here it is. I found it.

Deutsche Bank’s Derivatives Casino

Please consider my April 15 post Investigating Deutsche Bank’s €21 Trillion Derivative Casino in Wake of Admission it Rigged Gold and Silver.

I made a slight error in that article so here is an update.

DB 2016-06-23B

See!

There’s nothing at all to worry about.

As of its 2015 annual

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

Get Access