From: Faith Kates < Sent: Thursday, February 11, 2016 3:53 PM To: jeffrey E. Subject: FW: These Important Stocks are Trading Like a Financial Crisis Has Begun thoughts These Important Stocks are Trading Like a Financial Crisis Has Begun European bank stocks are crashing. Deutsche Bank (DB), Germany's largest bank, has plunged 36% this year. Its stock is at an all-time low. Credit Suisse (CS), a major Swiss bank, has plummeted 40% this year to its lowest level since 1991. As you can see in the chart below, the STOXX Europe 600 Banks Index, which tracks Europe's biggest banks, is down 27% this year. It's fallen six weeks in a row, its longest losing streak since the 2008 financial crisis. thttps://d1w116sruyxlmf.cloudfront.net/ee- assets/channelgarticle_default/EuropeanBankStocksHaveCollapsedThisYear.png) These are huge drops in a short six-week period. It's the kind of price action you'd expect to see during a major financial crisis. The sell-off in Europe's banks has dragged down other European stocks. The STOXX Europe 600 Index, which tracks 600 large European stocks, is down 15% this year to its lowest level since October 2013. • European banks are struggling to make money... Deutsche Bank lost €2.12 billion for the fourth quarter... after making a €437 million profit the year before. Credit Suisse lost €5.83 billion last quarter... after making a €691 million profit the year before. Profits at BNP Paribas (BNP.PAchttp://BNP.PA>), France's largest bank, plunged 52% last quarter. • Europe's crazy monetary policies are starving banks of income... Dispatch readers know the Federal Reserve has held interest rates at effectively zero since 2008<http://sg.caseyresearch.com/wf/click?upn=506aH08wtz4ulDsv32clzxM9oYR48aN3n0Khz7NCZudEFGcxfFvw8pcFY pzA-2BUGyPpxbNOKX8m loMaochkE-2FAvL3VJAGdiuFcuNjGq-2Bybs6pWH6sAXIRqSiQyJnZADv5P6yJYBUP6ocljNPyoup- 2FTQ-3D-3D_MiGo4UMJYFx5-2BbmpgANzNHEE0wkQHVux6o54D-2BywAEMnYbPIZtl9hMSnUYMgnM- 2FbenemwHOCvSUCiX811HQf4IK