A third of our index, "the market" is bank shares. Not at all a reflection of the area we play in. Specs.
In my portfolio this part of the market is being beaten down, even when the story is good and growing.
The risk switch is definitely off and capital preservation and security seems to be the strategy at the moment.
Momentum was starting to come back and then more Euro rubbish hit with Cyprus.
I guess this is the new norm until all the rubbish loans wash through the taxpayers pockets around the world.
Hey when all else fails let the taxpayer fix it hey!
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