HI KG I mean selling IQ on CFD trade so when the market goes down it goes up (-ve number of IQ). It is an option to short banks and safer but doesn't give exposure to Telstra BHP etc. I am just surprised that self managed funds are so SERIOUSLY invested in banks seems risk to me but they certainly have been right over past 2 years. Too much super tied to to few stocks particularly if banks get into trouble - they can actually fold. Australia hinges off the housing market it is crazy not a way to grow a country! One day the housing will drop like Japan (dropped slowly 90% over 25 years). Savings will evaporate and problem is the public has SUCH HUGE borrowings completely crazy. I have been in Australia 24 years and was a student in the 70's in South Africa I know what it is like to be dirt poor. Most people under 45 have never experience problems. F
