banks potential problems, page-3

Shortterm I think it is safe haven buying and chasing dividends. I am bearish banks for most of the resons you cite but after Citigroup came out with better than expected earnings, banks all over the world lifted. I had CBA puts but got out the next morning. No point in standing in front of a bulldozer.

However in the last couple of hours Deutsche Bank has come out with a surprise profit warning

http://biz.yahoo.com/rb/030424/markets_europe_stocks_4.html

so sentiment may be about to change.

You may think I'm being a bit fanciful transposing what happens o/s to our bank stocks but I happen to believe in the chaos theory with regard to markets. :)