"..its hard to see the Aust market having any significantly rally until we accept that the banks are going to take some significant losses ( ie via bad debts ) and this is just part of the cycle and they will survive and move forward..."
I have already accepted that. Look at ANZ, got all the way down to $ 13 last week. The only knife still hanging above the banks' heads is a possible housing collapse in Australia, and resultant consumer debt defaults. May happen, but a low possability.
No, I think we will see a pleasant rebount in the ASX in the coming weeks.
Agree with your other points.
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"..its hard to see the Aust market having any significantly...
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