IMO This TD selloff is a clear example of the fact that bank valuations are on shaky (high) ground.
Since everyone owns them...no one wants to admit this.
"Back up the truck" etc etc etc
THREE of my comments to this effect were flagged/removed Friday...
To my mind this is a perfect example of why the TSX (index) "can't have anything nice" over any given 10 year period.
Herd mentality....to the point of censoring dissenting opinions.
Lame...but whatever.
This herding is the same reason banks suddenly dropped like a rock in 2009....
Wake up folks....its not just TD that oversells stuff and its not just TD that is running out of people to lend money to.