crashy spi closed 21 points under the physical , s&p futures been off all day , xjo showed a reversal pattern once the buying stopped this morn although it only did 2 ranges down [yesterday was 3] .
Look out below boys and girls this equates to proffesional selling me thinks .
as for cba the devil is in the detail me thinks and they can't afford to maintain divvy levels at those percentages and also one might want to factor in the possiblity that the banks have had there day .
I've never seen an eto series get slaughtered like I witnessed in cba today . Glad I didn't get caught . but then again tomorrows a new day and might even be up , obviously depending on how badly the yanks cop it tonight .
In closing banks with a single digit pe may not even look attractive soon .
ge
CBA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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