JPM desperate to defend losing position on CDIs

[atticus]

Quote from newwurldmn:

I just ambushed you with a fuking coffee.

What's the color of the boathouse at Hereford?

 

[Banjo]

"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.

 

[sle]

Quote from Banjo:
How does a dipstick like Drew attain that position, Peter principle or...

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.

 

[stock777]

 

[hajimow]

Quote from sle:

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.

+1

I believe maybe shorting JPM and buying SPY is an ideal trade.

 

[sle]

Quote from hajimow:

+1

I believe maybe shorting JPM and buying SPY is an ideal trade.

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.

 

[ChkitOut]

Quote from stock777:

hungry now

 

[trefoil]

"But, I'm in it for the loonng term...."

The bank is “repositioning” the synthetic credit portfolio, and the CIO “may hold certain of its current synthetic credit positions for the longer term,” the firm said.

Yeesh.

 

[sle]

Quote from stock777:

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

 

[stock777]

what happened top that fat guy who sold thinkorswim who has been short bonds and long finnies for so long?