The indecisive markets took a bit of a plunge today when a news story reported that hedge funds using Deutsche Bank for derivatives clearing were pulling the excess cash out of their accounts.
The implications were that these insiders felt concerned about a disruption in access to their cash, and/or a greater threat of a 'bail-in' at the troubled bank.
Otherwise, the risk factors still seem fairly calm, if not a bit cocky, on Wall Street.
Let's see if they can keep a hold on this asset bubble. The last one out the door gets scorched if they cannot.
Comments
Log in or sign up to join the conversation.