Today, Banking stocks are pushing record highs, but the
upside may be running out for investors.
The financials sectors has surged 25.7 per cent in 2013, outperforming
the benchmark S&P/ASX200, which is up 15.2 per cent in the same period.
The fragility of bank stocks was seen earlier this year
after US Federal Reserve chairman Ben Bernanke announced the central bank’s
intention to begin tapering sometime soon, which was quickly followed by a 12.3
per cent fall in the financial stocks index.
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