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2016-02-03 23:34:37 Post No. 1076275
Post No. 1076275
Is Deutsche bank a good buy?
right now, its trading at 1/3 book value.
But, even assuming the worst--assuming we are heading into a really bad recession--I just have a hunch it wouldnt play out the same way the 08 crisis did. In 08, the entire government was asleep at the wheel and didnt intervene to save bear and lehman. This time around--and especially because Deutsche is so big--they are going to be extra vigilant, and for the past 8 years, central banks have erred on being too loose with their money.
And right now it is trading below 09 lows, so how much lower could it go outside of a crisis?