Here's a scary chart on the future of European banking
It's been a rough year for Deutsche Bank
Ok, here's the headline. The chart for Deutsche Bank looks similar to Lehman Brothers in the way that all charts that move from the upper left to the lower right do.
What I have to point out is that DB has fallen to $8.35 from $19, which is a 56% decline. Lehman fell to $10 from $80, which is an 87.5% drop.
The lesson here is that charts can be twisted.
Make no mistake through, it's bad at Deutsche Bank. Shares down a similar amount to Lehman if you go all the way back to 2009 when it peaked as at $66.50. So while it might not be racing to zero at the same pace, it could still get there. After the recent raids, the risks are as high as ever.