just remember one thing guys.........at the end of any down turn in economic conditions, that is when all the bad news finally filters through. So bad debts and losses will still continue to come out over next 6-12 months.... this happins at the end of every cycle.
We will see just how much exposure the big banks have to these over that time. I think we will see some overall downward preasure on banks over the next few months. Look at Westpacs news....
I am re posiotioning from a defensive stance in my portfolio to a growth strategy.
