ctindale, You may well be right and I agree that ANZ appears to be the most vulnerable yet I can only see the scenario you speak of happening in only one of the three following possibilities.
1. The markets and the world economy bumble along for an extended time at about the levels now with the occasional rise and corresponding sell off.
2. Positive sentiment (consumer driven) and a drop in the oil bubble, sends the market back up, (It was only a year ago when everyone agreed the world's economy was in great shape) and
3. The world situation gets much worse. Companies sales/earnings fall drastically, real estate values slumps thus affecting banks securities. In which case the markets in general will have real shake out and not only the banks and ANZ will be affected.
It's a brave person imo who can call which of the above will happen.
jpmorgan warnns about anz first wave, page-7
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| Open | High | Low | Value | Volume |
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