I posted this yesterday when responding to a general heading - given its potential significance I thought it appropriate to repost this under one of the banks...
"the Dow was down a lazy 0.8% on Friday night but the banks were SMASHED on big volumes....
JP Morgan DOWN 4.8%
Citigroup DOWN 3.0%
Bank of America DOWN 2.2%
Similarly Fannie May and Freddie Mac continued their downward spirals. These movements were driven on fears of large bond losses as the banks scramble to hedge thier portfolios in the wake of the US bond market collapse. Shades of what we saw in 1998 with Russian Bonds and concerns of systemic failure again??
It will be interesting to see how our banks perform on Monday - if these concerns of systemic issues in the American banking system start to cause some declines in our banks as we saw in 1998."
I would be interested in the comments of others regarding the banks - either from a technical or fundamental viewpoint. For mine, the fact that (apart from WBC) they could not rally when the market has had a good strong week suggests that they have run out of steam and are susceptible to falls - the sellers just waiting for a reason to sell and hardly anyone prepared to buy?
Regards,
Jaysee
- Forums
- ASX - By Stock
- us banks smashed
I posted this yesterday when responding to a general heading -...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$38.45 |
Change
0.270(0.71%) |
Mkt cap ! $118.1B |
Open | High | Low | Value | Volume |
$38.04 | $38.48 | $38.00 | $138.1M | 3.597M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 123471 | $38.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.46 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123471 | 38.450 |
2 | 9754 | 38.380 |
3 | 710 | 38.370 |
1 | 9754 | 38.350 |
1 | 9754 | 38.320 |
Price($) | Vol. | No. |
---|---|---|
38.460 | 100 | 1 |
38.480 | 3612 | 1 |
38.490 | 1405 | 2 |
38.500 | 24655 | 28 |
38.510 | 1080 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
NAB (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online