Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market fell on the open with Euro bank worries before making a decent recovery to halve the losses for the day. The market delivered second positive week to finish the month/quarter after five consecutive weeks of negative returns. DB was leading the Euro trash worries and this was not the first time. The comparison to Lehman’s never gets boring, but DB is even bigger. DB is really too big to fail. Central banks can spend billions buying the banking system more time to clean itself up or let it blow up and spend trillions cleaning up. The logic suggests that ECB and German government will talk it over on the weekend and come up with a rescue plan. Interesting moves of the day….... (VIEW LINK)


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