"What's the color of the boathouse at Hereford?",lol. How does a dipstick like Drew attain that position, Peter principle or... I't's always amazed me.
Banks (as probably all large corporations) have a unique structure where you don't need to be a good professional to become a manager. You have to be liked by the management and to be known as a "producer". To the contrary, in general, good traders don't make it up there because they rarely care about appearances and concentrate enough on risk management to never swing for the fences.
Well, in general shorting US financials is the right trade. An interesting metric is that European banking stocks are almost at the same levels as in 08, while the US financials are up a fair bit from the bottom.
French have invented a lot of great things in life that you can't live without. Like inflatable tyres, blood transfusion and (of course) bras and S&M
what happened top that fat guy who sold thinkorswim who has been short bonds and long finnies for so long?