Bank Crisis Looms, Deutsche Bank Breaking This Level Will Trigger Bankruptcy

Deutsche Bank AG (NYSE:DB) was nailed with a $14 billion fine from the DOJ last week because of shady actions during the financial crisis. While a fine was expected, the massive size of the fine was not. There is palpable fear that Deutsche Bank will not be able to pay the fine and may be insolvent. Even though it is expected that the fine will be reduced by more than 50%, it is still more than was expected. The stock is hammering on a triple bottom on the chart. While this is support, investors need to be extremely aware of a possible breakdown. A triple bottom break would likely mean a run on the bank and a crisis in the banking sector in Europe. This is huge. Every investor should be on high alert here. One of the best trades may be to short European financial players or buy puts. It may get very ugly.

By Pro-Trader