Too many greedy people thinking this gravy trade will run forever. Over 100 billion in paper gains. If you want your profit to be real you need to sell, which no one is doing. Eventually someone big enough will liquidate their possession and cause a stampede.
With stocks so expensive all around, I prefer the SP500 index which is cheaper than CBA, more growth potential and has diversification. Whats the thesis for CBA other than 'Its tHe BeSt BaNK In Da World'
CBA Price at posting:
$165.11 Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)