I had no positions on the banks scotch.......... the .25% drop in interest rates took most by surprise and the financial sector did very well as a result............. so it seems like the so called Ponzi residential market is going to carry on for quite a long while yet.......
the banks have been in downtrend for a while, I wonder if this will turn them around ???
I have gone long on the asx 200 (which is something like 30% banks) so I guess that's what I am hoping for ??
