the big 4 banks-have they topped

  1. 13,472 Posts.
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    The Reserve Bank is now 'neutral' on interest rates, bonds are down big time in the US & mortgage rates are on the rise & US refis are in decline.

    Perhaps that is why our banks in the past 2 days were up early & then sold off during the day, not a big down but down. As the mkts are 6 months ahead of 'happenings' so we are told then perhaps interest rates are on the rise or will not go any lower in the near & long term.

    Any other opinions on this?Chartists etc etc.
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