Gold – the final bubble, page-129

Here are some charts of the big four banks.
Notice the down trend which is a fairly strong trend and is continuing down.
This down trend is in line with their previous trend before the rate cuts took hold and now the rate cuts are almost finished and have very minimal affect on the economy the banks are resuming their original trend.
This added with the falling expansion of the banks main business (Mortgages) and the addition cost of maintaining a higher reserve is taking the banks SP back to where it should be.
Australian banks IMO are overpriced.
There is some small hope on the way down but IMO they will resume their previous trend.




WBC