Bad day for the banks????

[#1]

Looks like the yanks will cause profit taking on the banks today???

[barry_1]

Yes, knock on effect,how ever as our local banks have little to do with their woes,this is being slowly realised and with local interest rates showing a steady to declining bias,resources booming and the banks have been badly oversold.Although dividends might be subdued this time round,i expect profits going forward will be rising fairly rapidly.Only my opinion.

[#3]

I think we will have to take a 1 or 2% knock today, hope thats all. Next week should be interesting on SBK due to the by back.