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Re: 2005 and Beyond:The BEAR is BACK ?Scary version would be if the smart money moved out while the not so smart money moved in.Be a bit careful with this sector. Many brokers are recommending retail investors move into this so called defensive sector, but the institutional players could be moving out simultaneously (but I am merely guessing). Could be a poker game.The banking sector, to me, is not a defensive sector. It is the highest geared sector in the ASX. Australian banks have the highest foreign borrowings as a % of their liabilities, in the whole world and has one of the lowest Tier 1 capital adequacy ratios in the whole world. It is a high risk sector, to me (IMO).
Re: 2005 and Beyond:The BEAR is BACK ?
Scary version would be if the smart money moved out while the not so smart money moved in.
Be a bit careful with this sector. Many brokers are recommending retail investors move into this so called defensive sector, but the institutional players could be moving out simultaneously (but I am merely guessing). Could be a poker game.
The banking sector, to me, is not a defensive sector. It is the highest geared sector in the ASX. Australian banks have the highest foreign borrowings as a % of their liabilities, in the whole world and has one of the lowest Tier 1 capital adequacy ratios in the whole world. It is a high risk sector, to me (IMO).
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