I personally wouldnt have a dollar in any financial unless your holding for CGT reasons.
Buying now is simply guessing what the bottom will be.
Every rally is getting sold into.
Hedge funds are heavily short dragging them down.
There is a 'supposed' new bottom every week.
Why knows when it will stop. Not me.
Why guess the bottom.
Wait for confirmation and then load up.
And RBA increasing rates VS Iron Ore/Copper prices sky-rocketing....means only 1 thing...funds are selling financials for materials.
All the best!
sell banks the honeymoons over, page-35
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$29.97 |
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