Traders have no idea what they're doing today. Pushed the sp up to $96.10 and then back down to $94.93. Congrats to the scaremongering Aust msm who now look to have egg on their faces. Their chicken little stories and op-Ed's about the impending collapse of the banking system was shown to be exactly what it was. No less than 30 articles in the msm about how SVB would destroy world banks. Absolute hogwash but hey, never let the truth get in the way of a good story. As they say, Calamity and Armageddon sell papers. As some have pointed out, do your own diligent research about your shares and you'll be fine. CBA is the biggest bank in Aus by a country mile and continue to make mammoth profits each and every year. Notwithstanding the occasional noise, Im more than happy to remain a long term holder. Of course DYOR and good lucks folks.
CBA Price at posting:
$95.78 Sentiment: None Disclosure: Held
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