At no time did I say CBA would fall & the rest of the market would not be affected. CBA just got to the point where it was no longer an investment worth keeping because of the low return on the investment. It was only a matter of time before CBA & the entire market would correct & CBA, being in a bubble, would come under more pressure than the rest of the market. So far CBA has fallen 15.79% to today's low while the ASX200 has fallen 10.23%.
I am only starting to chuckle; I reserve the last laugh for when we hit rock bottom. Hopefully CBA gets to the low $120s when I will consider whether or not to buy back in.
CBA Price at posting:
$143.82 Sentiment: Sell Disclosure: Not Held
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