Bank Sector Table - will the dust settle?

James Marlay

Livewire Markets

The selling in past few days have been described as 'quite violent' by a number of people I have spoken to. Notwithstanding the majority also remained calm and suggested the selling in Banks was to a certain extent inevitable. Many were looking to wade back in yesterday afternoon as some 'value' appeared to emerge. The Chart below provides a nice illustration of how things are looking (purely on numbers) as the dust settles...


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