Definitely no sour grapes here! And I have been able to exercise being 'courageous' for this crash! Personally I don't care at all if banks drop to $14-16 or not. One of us would lose sleep if WBC falls to that level and I doubt it's gonna be me Do you think WBC will grow its profit in the next 12 months? POO is still below breakeven price for US shale oil. Who knows how this will play out but uncertainty is building in that sector. It took China 2 months with its all draconian measures to contain the virus (hopefully). But what about the rest of the world? What about Australia and the coming winter?
FWIW, I have been furiously rebalancing and catching falling knives in the past 2 weeks. No regret at all! I think it's too early to call return of the bull market. If I'm wrong, good for all of us!
WBC Price at posting:
$20.54 Sentiment: None Disclosure: Not Held
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