The potential for a lifetime event in revaluing Australian banks could be at hand. A 20% fall in the share prices of the majors by Christmas not only is possible, but likely in my opinion. Look at what is happening to highly indebted countries with large CAD that rely on commodity exports. Australia could be the next shoe to drop.
$70 or underby Friday close - wont c $80 for long time, page-34
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Last
$135.64 |
Change
-0.550(0.40%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $135.88 | $136.07 | $134.88 | $191.5M | 1.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11 | $135.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $135.70 | 1016 | 2 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |