if I can remember cba pre gfc got to about y
$60-$70 then dropped to under $30 thats about 50% lower and this time it got to $97 but that was a while agobandnow pre virua what about $88 so we need to get to below $50 or $40 to see a floor. we havent seen a floor yet this economic destruption has just started ( the calm before the storn today and can see tge whole stock maket get below 4000 before we see a floor. last tine in the gfc we could easly recover by lowering interest rates and pump money into the system as it was a money issue, this time is different as even if we have money we cannot spend it anyware. everything eventualy comes to a holt, we need to find a cure and vaccine fast or else its doom and gloom. also the reason you see so much swings is big players trying to make money on the way down and thevonly way to do this is to prop up the stock before they just dump again. good luck to anyone trying to make a buck!trading in these times.
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