Interesting thoughts niclou.
You could be right.
However, it might be safer to sit on the sidlines as the US financial system is tettering on the edge at the moment and like it or not, as you say, we follow the DOW and US. Over 100 US banks are on the edge of closing. I don't think ours will follow but their SP will also be knocked around.
I feel that there could be better buys in the months ahead so I'm holding my cash and waiting until a turn around is confirmed. Of the big ones ANZ and NAB appear to have the most skeletons in the closet but, as you indicate, may be the best buys in this oversold market.....or maybe not. It all comes down to risk/reward.
Interesting thoughts niclou.You could be right.However, it might...
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Last
$11.33 |
Change
-0.010(0.09%) |
Mkt cap ! $6.434B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.42 | $11.25 | $49.05M | 4.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 50564 | $11.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.34 | 957 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BEN (ASX) Chart |