'Whether or not the banks will extend beyond Dec15, I don’t know'......... I wish he had a more positive sentiment than this...Like ' it is in the banks interests to extend beyond Dec15'. If GR flat out doesn't know, it doesn't encourage.
Selling has generally been relentless, so somebody thinks there'll be no extensions (Ihope there is). I think the last little rally was just before results announcement.
Banks have really tightened lending criteria in all markets. It would suck going bankrupt when your paying all bills and cashflow positive.
Might not be our banks that start domino effect.
CNP Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held