Cadence Opportunities Fund

Banks approaching “maximum pessimism” and on the slide…

October 17, 2018

In this interview with Lucas Baird from RFI Group, Karl Siegling warns “Australian banks are on a slide and investors should keep their distance as the industry reaches, maximum pessimism.”

“Royal Commission, Hayne, conflicts of interest, vertical & horizontal integration, everything you’ve read in the paper – it may be that temporarily we have formed a point of maximum pessimism because it is just so negative.”

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