How far is Terror Bank going to sink?

Friday, 25 August 2017

After breaking support yesterday, Terror Bank is sinking again today:

How far is it going to sink? The chart suggests no support down to the $70-72. Here are the relative valuations of the big four:

The CBA premium has already retraced to WBC. Will it get to NAB and ANZ?

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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.