It clearly makes no sense at all, the financials are more likely to have downgrades on the profit for this year and next year, because of the softening of housing market and business borrowing. And yet big boys are singing songs about switching to financials.
On the other hand, BHP will most definitely have upgrade on their profit for this year and next year. And yet it is being sold down.
We just have to wait until the big boys release the grip and sing opposite songs, they dictate when the cycle is, currently we are in their down cycle, in a month time, we will be in their up cycle.
That's what happened to financials last month.
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Last
$43.40 |
Change
0.410(0.95%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $43.52 | $44.03 | $43.40 | $362.0M | 8.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14238 | $43.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.44 | 25000 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |