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Yes, my Lord. As you wish. (not an attempt at rhetorical flourish.... I was just practicing for the interview).
I am amused at why all the banks are suddenly crying so in unison when they almost never do except in retrospect. To save the poor investor?
My cynical self says they know financials equity sector is deeply in trouble and are likely to lose a lot of value especially if people start to rotate into other sectors, so why not bring everything down to hide sector specific problem within a large correction.
I might trim some allocations form time-to-time but selling completely out, probally not a good thing, for me, to do.