Friday, April 11, 2014

Banks still getting vomited


Both are -3SD today with RSI <35.

Frankly this is starting to get a little fucking silly. What, the ten-year at 2.6% destroys their business model of making money hand over fist on every single transaction?

And we don't expect yields to go up any time soon?


  1. Wasn't it just last week that a bunch of econoblogger types said banks are the next big thing, the new rotation, the new emerging market of easy riches?