IF IT WALKS LIKE A LEHMAN, QUACKS LIKE A LEHMAN, & SMELLS LIKE A LEHMAN, IT’S A LEHMAN

In case you haven’t noticed February 2016 is September 2008 all over again. Deutsche Bank is dead bank walking. It’s collapse will unleash a whirlwind of pain upon the global economy that is already teetering. The market is down 14% from its May all-time high. It is going to fall at least another 25%. It will probably fall another 35%. Remember September 2008? There were huge rallies as the S&P 500 ultimately collapsed to 666 in March 2009. The S&P 500 is still 1,829 today. Ask yourself a question. Is the global economic and financial situation much better than it was in March 2009? Every central banker on the planet has shot their load. Interest rates are already zero or lower. $70 trillion of global debt has been added since 2008. Currency wars and real wars are breaking out all over the globe. Do you really think the stock market is where you want to be now?


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Bea Lever
Bea Lever

I have been posting that it looks like Deutsche Bank is going tits up. This will truly be multiple times worse than Lehman. This dead bank has 70 trillion in derivatives shoving it over the cliff so the question is will it implode the other banks?

Most important question, GOT GOLD ?

kokoda
kokoda

“Do you really think the stock market is where you want to be now?”

Yes – very, very selectively.

Some of you may be priming on gold, but I prefer the oil patch. Talking to a brother and he was giving me all the same doom and gloom shit for not buying a few specific oil stocks. I explained that in order to buy low and sell high, you have to buy low. By the time all his doom and gloom disappears, the stocks will have tripled. I bought one today. Major support is at $25 (Futures – CL); next major support is at $16 (if it goes that low).

Tommy
Tommy

Sorry, can’t go with another 25% drop in bank stocks – won’t happen. It’ll go much more. First because it’ll over correct and then in the mayhem – fund manager’s will have to cover bad bets with good stuff, redemption requests at the worst time, and retail gone baby, gone. Throw in a world in need of returns now vs. growth later – if at all, to boot. All the while, with no price discovery for years nobody knows what jack shit is worth – especially in a world of FASB rules suspension barring sanity all the while fueled with like….75 trillion in new debt in just the last few years or so. And this is just a short list!

Suzanna
Suzanna

Corruption will allow some other banks to “take over” and

save Germany from the failed bank. I am guessing Goldman Sachs

will lead. Rumor has it Citi Bank and US Bank will be absorbed as well.

The Germans will be toast. And the Saudis.

Drat, no gold. Just a bit of ag.

IndenturedServant
SpecOpsAlpha
SpecOpsAlpha

PM stocks have made a cup and are on the verge of a handle. Buy with both hands.

http://finance.yahoo.com/echarts?s=FSAGX+Interactive#{“showBollinger”:true,”showEma”:true,”emaColors”:”#cc0000,#cc0000″,”emaPeriods”:”400,50″,”emaWidths”:”1,1″,”emaGhosting”:”0,0″,”showMfi”:true,”range”:”3mo”,”allowChartStacking”:true}

ottomatik
ottomatik

When it cracks, will we see full retard before it breaks? Full bore monetisation, used to violently suppress PM’s, and juice the market. I think 30%+ loss in PM’s and something meaningful like + 40% or more in the averages.
Just sayin.

Westcoaster
Westcoaster

We’re probably looking at 80-90% losses. Deutsche Bank has so much exposure to some very flaky deals that it won’t be possible for Germany or any other country to bail them out. They’ll need to go bust. When that happens the ramifications won’t be pretty.

Thaisleeze
Thaisleeze

I think silver has the potential to make more profit than gold. However I only have gold as the physical silver market out here is far more difficult to trade in, whereas gold is currency.

Brazil66
Brazil66

I plan to keep putting $1000 a month into Vanguard index funds in my retirement account. Keep buying as the market sinks. I’ve been doing this since I was 30, and I’m 45 now. I haven’t yet read or heard of any alternative that makes sense for someone my age who has money in a 401k/403/457 retirement account.

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