I can't see CBA having a natural floor anywhere. Perhaps if it halves and becomes $70-$80 AUD but even still why would it stop there? $45-$50 might be the level to pick up some CBA shares?
Been priced for perfection for too long. The other banks might be affected by CBA if the rot sets in and Australia needs to uissue bank guarantees and other forms of bailouts to keep the banks afloat. ANZ looks like in immediate trouble due to its culture, NAB as well and Westpac is still suffering the $40 billion AUD loss in value due to its money laundering scandal.
Monday and the rest of the coming week will not look too pretty on the ASX IMHO. CBA could conceivably be below $100 by the end of the week.
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