Readers will recall that MB has kept close tabs on Trevor Sykes at the AFR over the past six months. This was not by choice given we had nothing but respect for a commentator renowned for his fearsome integrity. Alas at some point the Pierpont legend transformed, like his Fairfax house, from inquiring mind to mindless spruiker and the results have not been pretty.
The Sykesnado began last August with a raging endorsement of the big banks as CBA traded roughly around $81:
Broadly, all the Big Four enjoyed a run from 2011 until early this year, but since then they have slid quite abruptly.