IF IT WALKS LIKE A LEHMAN, QUACKS LIKE A LEHMAN, & SMELLS LIKE A LEHMAN, IT’S A LEHMAN

by James Quinn
In case you haven’t noticed February 2016 is September 2008 all over again. Deutsche Bank is dead bank walking. It’s collapse will unleash a whirlwind of pain upon the global economy that is already teetering. The market is down 14% from its May all-time high. It is going to fall at least another 25%. It will probably fall another 35%. Remember September 2008? There were huge rallies as the S&P 500 ultimately collapsed to 666 in March 2009. The S&P 500 is still 1,829 today. Ask yourself a question. Is the global economic and financial situation much better than it was in March 2009? Every central banker on the planet has shot their load. Interest rates are already zero or lower. $70 trillion of global debt has been added since 2008. Currency wars and real wars are breaking out all over the globe. Do you really think the stock market is where you want to be now?