Originally Posted by
Baa_Baa
Now that's an interesting post Roger and a bit 'out there' for you. It says you look at the macro global situation and extrapolate that to local circumstances. Nice, as they unfortunately are inextricably interlinked. I reckon the whole house of cards is more vulnerable than at any time in history, and with our house on the vulnerable end of the whipping hose it's likely that the macro effect will be excentuated here more than most elsewhere. I wouldn't go anywhere near a bank in a topping market, let alone a second tier bank or a finance company in this environment (being nice). 20% downside is a heartbeat away when it turns to custard, you and we already know that, like many of our over priced companies, this is as vulnerable as it had ever been to a reversal in sentiment - and as you say connected to international sentiment, not just local. Well positioned, yeah right, positioned for what outcome?