Hi Phreak, my personal view is that it's only a matter of time before world markets break down simply based on technical action in major world indices, and I don't think we will witness a crash like scenario simply because central banks will intervene to ensure any decline is orderly as not to create a financial panic
As for Macquarie, my technical view is that it is already breaking down, and distribution is occurring.
Trouble with bank stocks is that they always seem to take a long time to break down - so patients is required.
I may be wrong, after all that's what makes a market - differing views.
deutsche on mqg, page-38
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