Brexit has called into question the ability of the CBs to
continue doing all the things they've been doing. JPM now down 3.5%
-- don't think we will see any kind of meaningful bounce without
the financials which are really trading as a barometer of fear of
CB loss of control.
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UK and European Banks
Posted by puma on 27th of Jun 2016 at 09:56 am
The real panic is in the UK and European banks. In the UK watch BCS, LYG, HSBC
Most important bank in Europe, DB and then CS
Also SAN
Right now they are getting crushed. The contagion fear is in the banks.
Contagion
Posted by pwb8 on 27th of Jun 2016 at 10:03 am
Agree with your assessment.
This seems to be one of the factors contributing to gold's big move.
Is it possible some real fireworks are going to start or will CBs step in with some new scheme?
Fade the central planners, as
Posted by a_l_ on 27th of Jun 2016 at 10:09 am
Fade the central planners, as their market interventions fail & belief in their powers continues to erode.
Brexit has called into question
Posted by puma on 27th of Jun 2016 at 10:21 am
Brexit has called into question the ability of the CBs to continue doing all the things they've been doing. JPM now down 3.5% -- don't think we will see any kind of meaningful bounce without the financials which are really trading as a barometer of fear of CB loss of control.