Sykesnado returns for banks!

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Once bitten, never shy, alas, from Trevor Sykes, former hard hitting journo now card-carrying Domainfaxman:

Australia’s Big Four banks have been under heavy fire for the past year and while their shares have suffered, they have generally survived the attack fairly well. Indeed, the best strategy would have been to buy them on the dips.

The Big Four have been attacked on three fronts.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.