reds - i second that emotion - tuesday, page-155

Hi BDaddy,

I believe there should be no regrets about banks shares selling.

FYI:

Sound money:

"These are stocks where investors are supposed to find safety in an economic downturn.

Classic defensive sectors include consumer staples, banks, utilities, health care, alcohol and gambling.

Companies in these sectors tend to see less of a drop-off in demand – or even increased demand – in hard times.

Probably good stocks to own now, right?

No. They are bad stocks to own.....

Commonwealth and the other three
majors, the real pain is only just beginning...

The GFC is a result of what I call 'unproductive debt'.

This debt has come from unsound monetary and fiscal policy.

It's bad debt.

Debt that's on the banks' books. But that's unlikely to ever be repaid.

It's already gutted Europe and the US.

Now it's OUR TURN.

That's why the Big Four banks will be 'danger assets' next year.

A lot of pro and novice investors reckon banks are good investments right now.

Because of strong dividend yields and SEEMINGLY good value.

......"

However, I believe that our banks may do relatively well in a short term, but if we look at the historical data of bad times I personally would not take a risk into buying it.

Best of luck with your investments.

Lucky