Banks very strong today as DB had good #'s bodes well for the mkt not reversing big today.The problem shorts are having right now is no matter how bad the #'s are it's considered temporary.Till the mkt believes this is longer lasting downside is limited .
^DB mostly speculates on higher interest rates... what they got. Since they are too big to fail they don't have to worry the risk. so it played out for them it looks like
Only the interest rates?? Are you kidding me? What about money laundering? Tax abuse and tax evasions? Toxic mortgages? Conflicts of interest? Historical footnote: As THE sponsored Nazi collaborators/financiers, you would think they would wise up and behave better but no. They've been indicted and fined for just about every notorious financial crimes.