Banks back at value

The market rout has put bank stocks back in the frame ... it’s time to top up.

After a very strong run from mid 2012, global equity markets peaked in May and have corrected over the last month. The old adage of “sell in May and go away” came true yet again. The following table shows market returns since the peak in May 2013 to their recent low, on June 13, in the case of Australia.

ASX 200


S&P 500








We cannot be certain, of course, that the recent low was the ultimate low for this correction, but for a number of reasons I believe that we have seen the worst of the correction.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles