The Chart of the day is via Chris Vermeulen from the goldandoilguy.com and shows a comparison of the price performance of Lehman Brothers in 2008 to the current price performance of Deutsche Bank today. With a number of European and US banks having similar charts to Deutsche Bank and the bank index not confirming recent new highs in the broader market, once can all but wonder if a repeat of 2008 is on the cards:
As Russian Troops Broke Through Ukrainian Lines, Panicky Ukrainian
Commanders Had No Choice But To Deploy One Of Their Least-Prepared Brigades
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The situation in Ocheretyne is desperate for Ukraine. The army was
compelled to deploy the lightly-armed 100th Mechanized Brigade into combat
with a bigger...
56 minutes ago