Been amazing watching the last month and witnessing the market over shooting both ways. Currently everyone has rose coloured glasses glued to their face and popping the champagne corks too soon. Heard a lot about 'U', 'V' and even 'L' recoveries, but my money is on a type of 'W' coronavirus inspired outcome where we are currently sitting somewhere in the mid spike.
As Alan Kohler very succinctly highlighted in todays Australian - 'Mr. Market ain't cheap yet, not by a long shot".
WBC Price at posting:
$16.35 Sentiment: Hold Disclosure: Held
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