yes FLEM you did very well on FLT , I had it for a brief while and sold for probably a quarter of the profit you would have made....
with o/night interest rates for the European central bank now into negative territory as from last thursday Australia now becomes an even more popular place for other nations to park their money safely, the banks will be able to obtain cheaper credit from overseas and make even larger profits - hence the strong upward trend in CBA and other financials ..... I really can't see an investment case for shorting CBA....
that's the reason for SUN reversing back upwards also I think...
also the European markets appear to be positive about the lowering of the interest rates there - ie interest rates come down - the share market goes up.... so again my thoughts would be to go long the european markets rather than short ... I do see that the DAXX has had an extra ordinary run of late..
