Quote:
Originally Posted by Barry-xlovecam
Another zerohedge premature ejaculation
Some made a lot of money Friday  |
And your point is what?
Even Lehman and Bear Stearns had the odd day of bouncing during the financial crisis. Deutsche Bank (DB) bounced because of rumors that the US fine against them will be mitigated to a sum of under $5BN which compares very well to the upto $14BN that could have been levied. This settlement was announced only because there was developing a run on the bank as you can see above.
It's just a rumor but even if true, that doesn't change anything much about the solvency of the bank. DB's share price has fallen from $140/share in 2007 to like under $10 this year and you can expect the downtrend to continue after a short abatement.
The market is always right, this bank has SERIOUS problems.