The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget (non-p.c., my bad). As per September 2016, when it traded single digits for a few nanoseconds, we are not so sure the financial authorities will allow it to get or stay there.
ZH out with a good piece today on the market dynamics when a TBTF bank — and Deutsche ranked the world’s most dangerous — stock enters the death spiral. Unpredictable nonlinear dynamics take over.
Watch this space. Not even close to registering on the markets’ radar.
The macro swans continue to gather.
