European Dead-Cat-Bounce Dies - Big Banks End Lower

Tyler Durden's picture

Well that didn't last long. With hopes of a face-ripping ride higher this morning as Draghi jawboning lifted bank stocks and Cable, the bounce was nothing but an opportunity for sellers to escape at better prices. While Deutsche eked out a tiny gain, RBS, Unicredit, Credit Suisse, and UBS all tumbled to end the day red...

 

 

And Cable has rolled over notably... back below 1.33!

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kanselier's picture

Time to pop a bottle and celebrate!

Edward Morbius's picture

The great red Draghi has shot his wad.

peddling-fiction's picture

Draghi = Dragons in Italian

Very fitting last name.

 

Others have dragons on their coats of arms.

 

In stark contrast, the Russians have a slayed dragon at the end of a spear held by St. George. <-- That is more like it

https://en.wikipedia.org/wiki/Coat_of_arms_of_Russia#/media/File:Coat_of...

 

RadioFlyer's picture
RadioFlyer (not verified) HopefulCynical Jun 28, 2016 11:45 AM

that brought to mind "Rock the Casbah".  Not sure why.  Lyrics are outstanding.

 

Now the king told the boogie men
You have to let that raga drop
The oil down the desert way
Has been shakin' to the top
The Sheik he drove his Cadillac
He went a-cruisin' down the ville
The muezzin was a-standing
On the radiator grille

Shareef don't like it
Rock the Casbah, rock the Casbah
Shareef don't like it
Rock the Casbah, Rock the Casbah

By order of the prophet
We ban that boogie sound
Degenerate the faithful
With that craazy Casbah sound
But the Bedouin they brought out the electric camel drum
The local guitar picker got his guitar-picking thumb
As soon as the Shareef had cleared the square
They began to wail

Shareef don't like it
Rock the Casbah, rock the Casbah
Shareef don't like it
Rock the Casbah, Rock the Casbah

Now, over at the temple
Oh, they really pack 'em in
The in-crowd say it's cool
To dig this chanting thing
But as the wind changed direction
Then the temple band took five
The crowd caught a wiff
Of that crazy Casbah jive

Shareef don't like it
Rock the Casbah, rock the Casbah
Shareef don't like it
Rock the Casbah, Rock the Casbah

The king called up his jet fighters
He said you better earn your pay
Drop your bombs between the minarets
Down the Casbah way

As soon as the Shareef was chauffeured outta there
The jet pilots tuned to the cockpit radio blare
As soon as the Shareef was outta their hair
The jet pilots wailed

Shareef don't like it
Rock the Casbah, rock the Casbah
Shareef don't like it
Rock the Casbah, Rock the Casbah

Shareef don't like it, he thinks it's not kosher
Rock the Casbah, rock the Casbah
Shareef don't like it, fundementally can't take it
Rock the Casbah, Rock the Casbah

Shareef don't like it, you know he really hates it
Rock the Casbah, rock the Casbah
Shareef don't like it, really, really hates it

Hungman's picture

It's like playing spin the bottle...which bank dies first.

Dickweed Wang's picture

It's like playing spin the bottle...which bank dies first.

 

More like Russian Roulette with 5 cartridges in the cylinder.

"Mou!  Mou!!" (The Deer Hunter)

Jtrillian's picture

Pop goes the weasel cause the weasel goes pop.

https://www.youtube.com/watch?v=6VpZk9dGXGA

 

Edward Morbius's picture

+1,000 for the 3rd Bass reference and video. My fav is "Brooklyn Queens".  :~)

chubbyjjfong's picture

"Its 91 son, so somimps gotta change"!

the not so mighty maximiza's picture

Dragi the all powerful

Yen Cross's picture

  I love the [dead cat].

Dr. Engali's picture

The dead cat has been bouncing since 2000.

roisaber's picture

How do you kill that which is already dead?

No really - these zombies just won't evaporate no matter how many shotgun blasts they take.

mgbkurtz's picture

EUFN is up though

horse cents's picture

What is dead may never die.

 

Watson's picture

>>>
RBS, Unicredit, Credit Suisse, and UBS all tumbled to end the day red...
<<<

IMO, if you care about the Euro-zone (I don't), then you should really worry about Unicredito.

Watson