I have been reading @dollarvigilante dooming and gloaming over the fall of Deutsche Bank and in about 5 hours the market will open and this is how the chart looks like right now:
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@fyrstikken, Deutsche Bank is the bank that everyone talks about being the next Lehman brothers. One thing is for sure, if the shit hits the fan its going to be a world covered in shit. Steem On!
Big sell off and recover a little in the afternoon.
It is going to the MOON
Will tank hard.
It is going to the MOON - look!!
"Deutsche Bank stock is snapping last week's four-day advancing streak, with a nearly 2.4% loss today. The lack of a compromise with the US Justice Department, contrary to rumors a week ago, appears the main culprit. The weaker share price comes despite reports that the Qatar royal family may be interested in boosting its stake in the bank to 25% from around 10% presently. The drop in the share price of Germany's largest bank is weighing on European financials more broadly. The Dow Jones Stoxx 600 is little changed, but the financial sector is off 0.5% near midday in London."
http://seekingalpha.com/article/4011135-dollar-firm-canadian-dollar-mexican-peso-respond-favorably-u-s-politics
Latest from Marc Chandler
The Right Answer would have been: DB Will go to the MOON!!
You see those nice green candles? Yeah shows how much doom & gloom-preachers knows.
Hey @dollarvigilante do you see them charts? Stop misleading people, if anyone had traded on your advice, they would all be REKT now.
Stop being a fortune-teller.
(Chart courtesy of StockCharts.com)
The next obstacle for DB will be the 200-day moving average currently at $16.50. Will we take it?