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re: Deutsche Bank Litigation / Bailout Watch

Posted on 10/1/16 at 8:15 am to
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 10/1/16 at 8:15 am to
Yeah. Everybody, from Merkel to Obama to Draghi to Yellen to Lynch to Bear, has an incentive to play a game of kick-the-can-down-the-road for at least another month. China's already in another debt bubble. Japan is showing signs of strain and starting to sink under its own weight. European banks are struggling. Everywhere the story is the same--no growth, but higher multiple valuations. All with super low interest rates and deflationary pressures leaving no room for traditional policy responses to a pending collapse.

A bad storm is brewing. It reminds me of that scene with Shooter McGavin as the weatherman in The Perfect Storm: LINK.
Posted by marchballer
The Greatest Country on Earth
Member since Aug 2008
4120 posts
Posted on 10/2/16 at 9:53 am to
Fenton, I'm seeing the same thing. I'm planning on pulling money out of the markets by Election Day. I think this Friday's unemployment numbers wil set the tone for how volitile October will be. I've seen reports suggesting that jobless claims have been going up.

The first indication of financial troubles are the banks. Watch the banks and the rest of the market follows.
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 10/3/16 at 8:26 am to
quote:

Shooter McGavin as the weatherman in The Perfect Storm
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