This is deflation on a massive scale.
“Like the legacy air carriers, the top banks in this country have yet to find a sustainable profit-making model in a changed world.”
Your average fundamental sell-side analyst has spent the year kneeling in the grass, gazing at ants through a magnifying glass while hurricanes, earthquakes and volcanic explosions raged all around him.
Who’s holding the bomb? Where is that bullet?
If there’s no deal, then everyone in bankland may have to scramble for more capital to satisfy The Street that they can withstand the lawsuits.
Sector selections still matters.
Market’s yawned so far at this morning’s NFP “shocker”
These big bank stats are mind-blowing…
The banks, they’re rolling over hard here. There are disagreements as to why…