Only last week I put a post that you need to stay clear of the top 20 as the banks and Tesltra have finished their rise…and today Moody’s (one of the main research house) downgraded the outlook for Australian banks from stable to negative, citing diminished profitability and increased sensitivity to shock.
Still the capital structure is improved, but the easy money (also for investors is finished).
So again….stay away from the index. There are still great opportunities…but much harder to find
investorpolitico 