Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Deutsche Demolition Derby: Deutsche Bank And Commerzbank Plunge To All-time Lows

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Watching the giant German banks, Deutsche Bank and Commerzbank, are like watching the “Bangers” in the Bob Hoskins film “The Long Good Friday.” That is, a demolition derby.

Liquidity moves markets!

Follow the money. Find the profits! 

Today, both Deutsche Bank and Commerzbank fell to all-time lows.

dbcomm

Here is a view from 1989.  While Commerzbank rallied back after the financial crisis “ended,” both Deutsche Bank and Commerzbank have not recovered.

dbcommlt

On the US side of the Atlantic, the top 4 banks (Wells Fargo, Bank of America, Citi and JPMChase) all have experienced a bad day after the news about Wells Fargo keeps getting worse.

wfdff

Wells Fargo CEO John Stumpf must be saying O-ho the Wells Fargo wagon is a-comin’ down the street,
Oh please let it be for me! SOMEONE ELSE!!!!!”
jst
 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.