Bonzoboy,
I agree, the banks have more downside to come.
In the US, last night, Citigroup slumped 4.3% to a nine-year low after Merrill Lynch cut its full-year earnings forecast for the company. Merrill said the bank could take another $18 billion in writedowns related to bad mortgage bets, according to published reports.
When this comes out expect a major rout to the downside.
ghia1959
banks full steam ahead, page-8
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Last
$152.66 |
Change
3.040(2.03%) |
Mkt cap ! $253.7B | |||
| Open | High | Low | Value | Volume |
| $150.89 | $152.70 | $150.43 | $204.2M | 1.345M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28484 | $167.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $141.22 | 897 | 1 |
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| Last trade - 15.59pm 14/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |