Deutsche Bank Update
Trader Scott’s Market Blog
October 9, 2016
Deutsche Bank has had a large rally from the recent lows. It has given the central bankers (CBs) some breathing room. They better not assume that anything has changed in theglobalbanking system. That system is a complete disaster. And with their NIRP/ZIRP policies, the absolutely brilliant PHDs at the world’s CBs have completely destroyed the already very fragile financial system. And while Credit Suisse and Deutsche Bank have had some bullish intermediate term technical action this year into the lows (charts below), I do expect, at a minimum, a retest of those lows. And that is where (hopefully) I’ll be able to make a better judgement. But in general, I am not remotely bullish (intermediate term) on the world’s stock markets, and I’ve been chronicling the sectors which I am looking to short into on a “good news” based rally. It took me too long to understand that even if I’m very bearish on a market, I need to allow it plenty of room to rally first, which sets up a way, way better entry point. The financials are high on my list. Even the CBs know they blew it with their moronic experiments with ZIRP, but high IQ people have a very hard time admitting when they’re wrong (it’s why super intelligent people rally succeed in markets). So the markets will force the CBs to change their policies. And the next policy for them to fail at will be helicopter money – financing massive infrastructure spending by governments, for example. And these policies will be implemented just as the global government bond market is finally, finally getting close to being ready to begin a relentless move higher in yields. This will have massive, profound effects on all of us. Are you ready?
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Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.Scott returned to markets over fifteen years ago where he continues as an independent trader.