Is shorting this a no brainer?, page-1475

It hit a low of $67.22 in mid June. I reckon we can be fairly confident that it'll go back there before too long.

Personally I think that it's worth around $60. There's just too much bad news on the horizon for CBA for it to be a compelling investment and I don't think the market has come to reality with that fact. You can see some of this attitude on this forum over the last 15 months with people just refusing to accept the damage that was about to inflicted on CBA by the Royal Commission.

The housing market has got a long way to go down and I think it's fall has only just gotten into second gear. The repercussions for Australian banks will be huge because they are WAAAY more exposed to this than US banks were to their housing market when this happened there 10 years ago.

Not to mention that Livingstone is still Chairwoman when she should've been fired. The culture at CBA just refuses to change.

I wonder where Narev is up to these days? No doubt he's scheming on something.