European Banks Crash For 4th Straight Week

[mick silver]

European Banks Crash For 4th Straight WeekSource: Zero Hedge (http://zerohedge.feedsportal.com/c/34894/f/645423/s/4ed0f2c5/sc/24/l/0L0Szerohedge0N0Cnews0C20A160E0A40E0A80Ceuropean0E banks0Ecrash0E4th0Estraight0Eweek/story01.htm)

Even with today's 3% surge - the most in a month - on the heels of Unicredit's CEO proclaiming that EU banks are "intensely" looking for fundin solutions, European banking stocks have collapsed for a 4th straight week for the worst losses since 2012.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/08/20160408_EU1_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/08/20160408_EU1.jpg)
Following the brief exuberance after Draghi unleashed his latest bazooka - which it seems was all front-run - European banking stocks have collapsed almost 20% - the biggest loss since April 2012.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/08/20160408_EU2_0.jpg (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/04/08/20160408_EU2.jpg)


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[Glass]

what are they crashing on? I don't get the down trend? Are european banks shareholders not 99% retired people?

Down here the retired people love the banks. They own most of the shares of all of them. they love the dividends. They are strong and consistent - although dividends of $.20 per share is not quite the $2 or $3 it used to be.

The pensioners will hold them until they are worthless. They have too much invested emotionally to be selling them. So who is crashing the banks?