I am amazed at how well cba has held up in this fall. Banks are normally at the pointy end in any financial crisis. I can only assume that falling interest rates and the assumed resilience of the housing market has helped the share price. Us banks down around 20% or more in this time. Companies that are less leveraged in Australia are down far more than the banks. Still $100 by the end of the week is a big call. If I wasn’t fully invested I would be enjoying these falls.
CBA Price at posting:
$154.00 Sentiment: None Disclosure: Not Held
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