Yes...I'm waiting for mid 2009 to buy financials......or maybe longer.....
It will clearly depends on the US and the subs.....if the new reset defaults from the subs are larger then last November.....ohhhh mate.....get ready for trouble....
There is a clear story developing under our noses.....eg ?
ST George, the fifth largest bank in OZ land....it's broke....or almost....even the Westpac CEO has told Sunday Business few weeks ago that St. George was a goner and needed money .....
Banks don't go broke or down....they just merge ;)
Next year we are surely to hear the real story of St. George.....and ppl will get scared.....
