Deutsche Bank $DB: Major Black Swan Event, Ignored By Media

Shares of Deutsche Bank (DB) collapsed sharply lower today, now down almost 50% in 2018 alone. The financial media is nowhere to be seen on this mega story. The derivatives book on Deutsche Bank would make even the strongest stomached investor squirm. North Korea? A trade war? None of these come close to the financial impact of Deutsche Bank pulling a Lehman Brothers collapse on the economy and financial system. This is a friendly heads up to investors. Deutsche Bank just broke a major double bottom support level and is in mega collapse territory. If it does not recover in a day or two, expect financial panic to sweep over Europe and the United States. Banks like JPMorgan Chase (JPM) with exposure would see a 10% or more drop in just days.


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Gareth Soloway

InTheMoneyStocks