valuations like that are all done based on steady state economics, sure if the economy stays steady they might be valid
if they dont though
if it turn out that our property is just like everyone else s in the western world and is over valued
if we have in fact allocated to much of our incomes to debt repayment
if the massive downturns our export partners are about to bite our incomes
if unemployment is about to sky rocket to say +10%
if Obummer and his band of fools find they cant make wealth out of simply printing paper
then you might well be sitting in the calm waters just above Niagra
bear markets have rallies that cause even greater capitulation in the long run
its a game of hope and sorrow , hope and sorrow, till there is no hope, that signals the bottom
if you need an indication of whether its the bottom just read through the posts on the ANZ thread, everyones calling the bottom, bottoms rarely happen when everyone jumps on so quick
ANZ is simply rallying with all the rest
organic growth in China ? yeah right thats going to contribute 0.0000001% to income, pretty light on specifics if you ask me, organic growth in China , yeah right good luck, ANZ management cant manage risk in Melbourne let alone China
congrats the folk that traded the rally
IMO its a good time to take profits :)
the best indication of a bottom might be when TCIS pays out the 50 :)
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Last
$27.36 |
Change
0.060(0.22%) |
Mkt cap ! $82.09B |
Open | High | Low | Value | Volume |
$27.24 | $27.54 | $27.22 | $144.6M | 5.281M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 15464 | $27.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.39 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11311 | 27.350 |
1 | 12105 | 27.340 |
1 | 12094 | 27.330 |
4 | 23815 | 27.320 |
4 | 13733 | 27.310 |
Price($) | Vol. | No. |
---|---|---|
27.390 | 1000 | 1 |
27.420 | 5000 | 1 |
27.440 | 320 | 1 |
27.450 | 39530 | 5 |
27.460 | 6406 | 1 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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