so what does a strategist do??

A lot of people have asked me to describe the strategist's role - well, it all depends. It depends on the shop, the product area, buy vs sell-side. But this interview on e-financial careers may give a bit of a guide (although its on equity side, but still pretty good).

This week WSJ gave some very good articles on the subprime mess that Bear managed to get into...also a basic intro to CDOs.