I agree with you totally TeTeTe...
However, I believe ANZ is going lower. From memory the lows during the GFC were circa $11.80c... If you don't believe markets can get down that low again take a look at the commodities at the moment! Some of them are trading at rediculous valuations! It's an absolute turkey shoot in the gold miners with deep deep value on offer. Some companies are selling at a 95% discount to their 2011 lows. That's deep value. ANZ has a long way to go to offer deep value IMHO.
Market volitility is here and the markets are all about confidence as I'm sure you know. However, that being said I believe there is significant issues with leveraged global debt. Markets are global and everything is interconnected. The huge slide in the SP is screaming out that all is not well...
There will be a time to buy I agree 100% but it's certainly not know. Patience
Buy, sell or hold?, page-30
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Last
$31.79 |
Change
0.540(1.73%) |
Mkt cap ! $95.05B | |||
| Open | High | Low | Value | Volume |
| $31.17 | $31.88 | $31.17 | $198.3M | 6.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10641 | $31.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.79 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |