John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: robert b furman who wrote (21186)	8/14/2018 11:04:24 AM
From: John Pitera	Read Replies (2) of 33421

check out the slide in these European bank stocks.. BBVA, Banco Bilbao Vizcaya Argentaria, SA BNPQY, BNP Paribas SA UNCFF Unicredit S. pA.'' ING ING Groep NV ADR... HSBC -- HSBC Holding PLC (HSBC is the world's 7th largest bank with assets of $2.374 Trillion as of Dec 2016...... now the thing about HSBC is that I believe their asset base is calculated in Pound Sterling which as we know has been getting hammered...... they all have exposure to Turkey, to Italy and some other dubious assets on there books and have been getting smashed accordingly!. by no means would I buy them..... they are plunging daggers...... and even DB is in lousy shape with a weak derivatives book..... DB - deutsche Bank -- as of Dec 2017 they were they world's 17th largest bank in the world by total assets with total assets of Euro 1.475 Trillion..... and the Euro has been getting knocked lower lately..... Back in the late 1980's half of the world's largest banks were Japanese....... so things change..... Citibank.... had a 10 for 1 REVERSE split in 2008........ and we know what happened to Lehman , Bear Sterns.... and even Merrill Lynch..... by the way GE is back at it's 40 year low.... John

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