It takes little thought or foresight to jump on a band wagon, its easy. They jump on for the free ride. On the fast track up , we get the drunken sailors with $$$ Parties and flipant comments and on the fast track down, my favourite , aaaall aboarrrrd !! The harbingers of doooommm. Wbc dropped with the rest today. Their % drop and volume traded was less than nab and anz. A vwap of 16.57. Not great for sure, but what do investors and punters expects in this environment. The correction we had to have. And as for the comment about none of the banks having a long term strategy etc , complete CRAP of a comment. I cant speak of other banks but both the ones i do hold especially WBC are , well into restructuring all aspects of business, tech , personnel, culture, reg requirements, etc. And as for comment @ the_proletariat again, about 10 to 20 years for a re bound, just laughable nonsense. Complete joke. Around 8 weeks ago we had a high of $20.19 on huge 21 mil volume on just a slight hint of positive vaccine news. 10 to 20 years , what a joke. Most businesses able to turn a profit will limp along and survive adjusting as they go. What happens to SP , the market will decide..As the economy turns banks especially will take advantage and prosper as usual. Thats enough..i feel better now. Lol
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