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Chart doesnt lead to confidence. Fundamentals have this at alot better price than todays. Bond raising will ease loan concerns. US hedge funds have been shorting our banks (due to house bubble beliefs). This intel came out some time ago and had no price reaction at the time. It seems they must have kicked into full swing now.
Bond raising should appease these thoughts eventually.
RBA raising interest rates does make 1 wonder who's side there (especially as you dont have to be a rocket scientist to know about our 2 market economy Mining and everybody else, retail have been hung on a Cross 4 Xmas)on. Unless your a Conspiracy Theory loving Kinda Guy like me. Ie push interest rates up on poor little guys to help big guys be right about there theory on housing price bubble here. My 2 cents worth we always explode up with housing values but generally just flounder afterwards for a few years (7ish) until the next housing boom starts again.
CBA share price guesses too New Years Eve anyone?
Mine off the top of my head is $56 even though my quick chart searching shows xmas not always that exciting for CBA shares, maybe time 4 a change, Lol
BDZ ;))