The European banks are lower than they were at their 2009 post Lehman financial crisis low. That is a huge decline in those European banks. They got negative rates over there. This is another example of what happens when you go to bed with the devil.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jun 14, 2016
The Markets Are Rolling Over
The markets are rolling over. look at the financials! The European banks, most of these banks are now not only at 52 week lows, they are at the lowest they have been as far as my charts go back.
Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Stocks: Bank of America (BAC), citigroup (C), J.P. Morgan (JPM), Deutsche Bank AG (USA)(NYSE:DB), Credit Suisse Group AG (ADR) (NYSE:CS), Barclays PLC (ADR) (NYSE:BCS), Banco Santander, S.A. (ADR) (NYSE:SAN)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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