In case investors in the US were lulled into believing that since the Dow is limping higher, after a full-court-press open-mouth-operations week of jawboning from the Fed, that all is well again; we present, the Italian banking system. In the last week, stocks in this sector have had 8 swings of approximately 6% up or down. Still think all is well in the world of highly-levered high-beta risk bets? Mint Partners' Bill Blain explains why European banks are collapsing...
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Wondering why? Mint Partners' Bill Blain explains (at 2:20 - though the entire clip is worthwhile)...
Chart: Bloomberg