[WATCH] Closing Bell — Short the Banks
I present to you a classic ‘widow-maker trade’ — trades that are infamous for causing so many losses — in a new light. I’m talking about shorting the Aussie banks. They used to do nothing but go up, and even though banks have struggled for the past decade, the S&P/ASX 200 Financials Index [ASX:XFJ] is still close to its all-time high. But the current technical set-up is telling me something a little different. Watch the Closing Bell video to learn more…