Yes it’s starting to feel like 2004 - 2006. Record profits everywhere. But that can run for a long time.
But what is the trigger? It won’t be sub prime lending this time. What is the legacy market financial WMD?
The answer is already clear from some charts.
Main example: DB
This alone makes the stock market recovery, especially financials, as fake as it can possibly be.
Combine DB chart with its known derivative exposure and the upcoming story is quite clear.
Lol. Does DB really have a PE of 457 or am I reading the chart wrong?
Edit: Double lol. EPS $0.08. Nope I am not reading the chart wrong.
Ok, we have established that DB is a shitcoin. What next?