Investors of BNB must be seeing past yesterdays DJIA rise for what it is, enthusiasm for interest rate cuts followed by realisation that in a credit crunch, what difference is it going to make if you can't get credit. Lenders will be ignoring it just like the banks here are ignoring the reserve.
Although it opening higher didn't surprise me.
BNB
babcock & brown limited
sinking feeling, page-6
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