I am getting real tired of this oil-related USA dead cat bounce. They are hurting my NAB puts. Their financials over there (JP Morgan the latest), are writing off billions by the day and as a head honcho at Fannie May said after doubling their latest loss: "CREDIT CONDITIONS ARE WORSENING." And he's a guy who is supposed to be in a position of appeasing the market! If you think NAB is finished with US related write-downs, I've got news for you.
I'm not even a bear. The trend is your friend is my only belief, and USA stock markets are not reflecting the pain in wider capital markets. So I await the new rerating of risk in S and P/DOW when Bernanke and Hank run out of socialist/tax capital to throw on the burning fire that is the USA banking system.
time for nab to head south...
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Last
$36.23 |
Change
0.200(0.56%) |
Mkt cap ! $112.2B | |||
| Open | High | Low | Value | Volume |
| $36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3369 | $36.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.23 | 9815 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NAB (ASX) Chart |