Thursday, September 15, 2011

Bounce from the exteme oversold conditions

Deutsche Bank is raising more than 10% today:

Source: Reuters

Seems the relief rally from the extreme oversold conditions has materialized.

The question remains how far it can go...

BTW: I wonder whether this is in any way connected with the flop at UBS ;)


EOD results:

The coordinated action of the five central banks definitely helped the European banks.

Since the end of last week the cumulative performance is:

  • BNP Paribas +2,35%
  • Deutsche Bank +5,17%
  • Societe Generale +5,07%

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