ANZ Charting thread, page-60

it’s different this time compared to the 1970s. The general consumer is so indebted as a % of income so rate rises have a more drastic effect. The fact that fundies threw this out with the bath water with rates at 0.85% and likely 2.5-3% is just hilarious. Maybe this will find some support or rally as 3 of the big 4 banks pay their enormous dividends in late June early July. I’ll be using the entire dividends I receive back into ANZ and or WBC.

I see this as a major buying opportunity for the banks. Albeit NAB is too expensive in my view as is CBA. We picked up a huge amount of Wbc $21-$22 earlier this year, I didn’t think it would get back there ever again! How 2 days changed that. Now ANZ is in that same value zone comparably on a forward PE.