The good days of investing locally are over? I was pretty vocal and proud previously over the past 6 months that our local banks and STI have been outperforming the S&P, but the recent sell rating from Citi + reduced board lot shares means more people are inclined to take profits first and sell, forcing the bank shares to be down close to 10% in 2 days. IMO, this pullback was long overdue but I did not expect the drop to be this steep in such a short period of time.