I think the elephant in the room with this correction will be the CCC Bonds dressed up as BBB in the US.Where about to see the beginning of zombie companies which should result in the bears view of a 30-50% correction This all stems from Trumps policy of QE and pressure on the Fed' with lower rates which are the tools of fools at this time for the markets .I would not be surprised when we come out the other side of this we will see these events put upward pressure on interest rates in the near term but I think it will be more pain near term for the banks and the dividend will drop futher as the result of weak and selfish leadership of Trump who went into the 2016 US election saying the opposite about low rate's Very shortsided and now we pay the piper. Cheers
WBC Price at posting:
$22.25 Sentiment: Hold Disclosure: Not Held
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