Bearish on Europe; bearish especially on European banks. The US, Asia, and European governments have all been supporting their banks and demanding they lend more money. This is lunacy, like feeding an alcoholic grain intravenously. Nothing specific about DB, other than it's in the heart of Europe and it doesn't exactly have the best brand name anymore after last year's banking debacle. Expect housing to go into another depression, which should cause plenty of troubles for gov't-supported financial institutions.
$64.45 (09/01/09)
