The banks are buy and hold stocks for most investors. Best time to buy them is when they are down in corrections, crashes etc. This current correction is in its 11th month without a serious break up. For interest the GFC downer lasted 16 months before the turn. So it looks like we are in bank buy territory.
Buying banks at these prices may not be the low but when the market eventually turns and it always does those who bought will be happy. It is however annoying when you buy and the stock goes lower - but that is just investing and the cure will be that eventual turn in the market.
History says that if the banks reduce dividends it is not long before they are on the increase again.
bad moon rising, page-14
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