It's has been pretty frustrating market condition for financial...

It's has been pretty frustrating market condition for financial stocks due to us sub-prime crisis.

However, there will be some injustifiable over-reaction in Australian market.

The questions are as follows;

1 whether our banks had writedown like US banks?

2 - Whether our banks lost money like us? - couble of bilion?

3 - Dividend ratio is solid ever, but all financial stocks are trading 15 5 years or 10 years low points.

I don't think it's right. we'll see short-term bounc soon.

For next 3 years, there will be no way NAB will trade under 25 bucks. That's my thought.

Aussie banks are still fundamentally ok. It's just driven by US financial market sentiment...

or US supermacy and invasion. The world just can't live without US. This is pretty sad.