Anyone buying banks yet?

[DrBourse]

23/4/24 9.40am.

Brokers are pushing their own agendas with this Too Expensive Crap...

The Grid Below explains my view..... .


Yes, CBA is Overbought/Expensive, but the other 3 Mums & Dads Stocks, ANZ, NAB & WBC, are Fair Value ATM...

The only Q we need to ask is WHY are they publishing that Self Serving Rubbish....

"Too Expensive" is the correct wording for someone wanting to Buy Banks at Lower Prices.
so obviously, they are trying to push the SP Down.....

What we need to do now is use the info to our advantage....

Wake Up Aussies....

 

[Chipp]

23/4/24 9.40am.

Brokers are pushing their own agendas with this Too Expensive Crap...

The Grid Below explains my view..... .
View attachment 173216

Yes, CBA is Overbought/Expensive, but the other 3 Mums & Dads Stocks, ANZ, NAB & WBC, are Fair Value ATM...

The only Q we need to ask is WHY are they publishing that Self Serving Rubbish....

"Too Expensive" is the correct wording for someone wanting to Buy Banks at Lower Prices.
so obviously, they are trying to push the SP Down.....

What we need to do now is use the info to our advantage....

Wake Up Aussies....

Cannot argue with any of that , i went through similar process this week and almost same outcome . I cannot buy any top4 bank at current prices and ANZ on a pulback the only one id consider .

 

[peter2]

Looks like it's time to buy banks.

 

[Tyre Kicker]

I love it…

But more and more and more…

 

[Trucksyd]

Too early for bank buying atm

 

[frugal.rock]

Have mused the CBA chart is looking ok for a plus 15% rise at some stage. It even finished in positive territory today.
I jumped the gun buying JDO yesterday, but not too worried about a bit of push and shove. (Not intended for short term, medium to long intentions)

All the doom and gloomers are running in and getting a kick in, but they run away again quickly once things reverse.

Gold over $1910 USD, Bitcoin smashed up over $24.2k

Mid March last year, seems so long ago.

Bitcoin made it over $~70k USD but back to $~60k now,

Gold $2530 ish USD now

CBA?
Up around %50 since then.

 

[frugal.rock]

I'm musing that there might not be much left in this bank run.

With news of long term deposit rates already being lowered, the squirrels (bar steward bankers) are doing their last runs with swollen cheeks taking as much loot as possible back to the vaults in readiness for "winter".

That's going to bring equity back out into real estate and everything else again. Slowly but surely.
Expecting a different landscape again shortly.

 

[divs4ever]

I'm musing that there might not be much left in this bank run.

With news of long term deposit rates already being lowered, the squirrels (bar steward bankers) are doing their last runs with swollen cheeks taking as much loot as possible back to the vaults in readiness for "winter".

That's going to bring equity back out into real estate and everything else again. Slowly but surely.
Expecting a different landscape again shortly.

well SUN is no longer a bank ( only an insurer ) , ABA and MYS plan to merge , and BOQ plans to restructure

if the banks follow the classical cycles ( of boom/bust ) we must be close to another downturn in that sector , with only international player MQG left with room to expand in a major way ( surely they wouldn't buy BOQ or BEN , but heck we are in interesting times )

will we see sub $20 for WBC and ANZ in the next 12 to 18 months ?

 

[TimeISmoney]

I personally think that they're overpriced at the moment, I've bought and sold a few banks over the past year with some OK profits. I got priced out of the market really fast after the last drop. I happened to dump NAB & ANZ right on the bottom of the V, I didn't want to risk holding more FMG style losses, if I'd held I would still be in the profit zones at the current levels.

Even BOQ has made some gains after the last drop, but takeover stuff is always risky business.

 

[Dona Ferentes]

I'm musing that there might not be much left in this bank run.

oh well, not like the old days


.... are we there yet?