re: international charts for friday night - austra
Alpha, spot on in my view, bank yields have topped out. There are so many shares banks can buy back before they begin to self-destruct, equity fund management losses will hurt the bottom line and the 'deep pockets' are exiting in their droves. There can only be so many bad debt provisions a financial body can make before the quality of earning deteriorate. Interest earning assets has become something of the past, since interest rates are trolling near all time lows. Bonds have topped out in my view, and this will hurt banks further. I see no positives in this sector.
jimi, yes I am referring to short selling stock, selling calls or buying puts. The reverse strategy in a bull market where you buy the dips.
