Lonsec are a pack of hacks - get some research from a decent research house. Has anyone heard about abnormal returns only lasting so long...
I am not waiting for 2 years to eek out a return from the banks and over that period the competitive landscape is only going to get tougher...steer clear of the clunkie old banks and stick to a real growth story like resources..
Of course there will be short covering and sucker rallies for the short term (day)traders.
And those who think the oligopoly stills exists have a look at Bank Wests entry into our already crowded market...
sell banks the honeymoons over, page-8
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