its a macro issue and we know banks are being supported
the fed doesnt have the balls to raise interest rates again in this climate so i expect tommorrow its a no-change outcome, the first in a year = market boom...
Credit Suisse will stabilise as does SVB etc etc, all short term stuff, its very different to GFC because money is being injected non-stop and liquidity has no issue. Remember GFC was because the LIBOR stalled the supply of liquidity.
AGY back n 5 year lines, if i was able to trade on the absolute guessing of this ridiculous fed and RBA governors, then i would be buying like crazy.. But i cannot predict confidently what they will do and i rather hold than buy in this climate..
LCE prices as well need to bottom out, 50% down from the top , i wonder when PLS BMX auction goes next - April? Currently LCE Price is china prices, BMX is the western view of the world which we havent seen
Hold strong imo, All aords down 6 percent in the month vs S&P 500 2.5% , Australia never sets the tone so ASX is oversold in comparison
