XJO s&p/asx 200
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Just watching the action today....there were swarms of sellers...

  1. jkm010
    1,862 Posts.
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    07/03/08
    19:45
    Post #: 3443596

    Just watching the action today....there were swarms of sellers attacking the financial stocks. It was quite a site.

    I don't like the banks going forward either.

    Higher rates means less borrowing, plus more defaults, equals less revenue.

    I'm very cautious on the ordinary banks. The investment banks with no exposure to mortgages and consumer lending may recover sooner prolly.
    XJO Value at posting: 0.00
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