Some traders got spooked by RC into Banks and AMP and decided to sell but QBE is no AMP or Banks.
Those buying into WBC last week already in the profits........These financial institutions will survive.....there are no reasons to believe that RC or government will destroy these big institutions as lots of their small share holders, teachers, mums and dads and union members and public servants , pensioners directly or in directly through their super are depending their income or financial security in these big companies.
Lots of noise but the fines imposed would be small in comparison to their profits.
Interesting to see where QBE will finish today.
QBE Price at posting:
$10.02 Sentiment: Buy Disclosure: Held
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