new lows, page-14

Never a truer word has been spoken. I have been looking to go short on the banks. Any moves up for me just represents another trading opportunity on the short side. The biggest risk I can still see is that banks, financial institutions, brokers have still not fully disclosed their full exposure to the sub prime market. Slowly these are being filtered through (eg ANZ). The market will continually punish this sector until we know the full extent of the losses. I know I can always rely on human nature. In this case it is human nature not to reveal how embarrassing the losses are. Heaven help us when they do.