CBA - downgraded, page-2

Can`t agree yet and here`s why:




Interest rate rises-Won`t be felt for some time

End of government grant for home buyers- Won`t stop 99% of people buying a home,millions of Aussies bought homes without the grant.

Reduced ATM fees-Banks will find other ways,they always do.

Reduced credit card fees-This only affects Mastercard and Visa,Banks say they will now use American Express and Diners Card as they have a higher fee structure.Mastercard and Visa threaten to take the Banks to the high Court citing loss of Millions of dollars of lost revenue that they have squeezed out of consumers.-How long will they last in court????????

That`s 4 points against Banks,i`ll give you 4 points for Banks

1. Earnings-say no more.
2. Wall St. -Very shaky,i wouldn`t switch to growth for
a long while.
3. Terrorism-Bin Laden and scumbags probably aint
finished yet,therefore defensives have a while to go.
4. PROFITS,PROFITS AND MORE BLOODY PROFITS.