Nah, Friday night drinks might be over but the weekend has just begun with CBA.
So much bad news on the horizon for CBA that it looks like a tsunami.
Today's announcement couldn't get it up above $70. Shareholders should be more worried than a middle aged man who had no effect from taking Viagra.
Matt Comyn still is still at the helm. We may as well refer to him as Boy George from now on (a refernce to the culture that won't change at CBA, for those that don't get the pun...).
The ever so useless Catherine Livingstone is still wandering around in the board room wondering what all the worry is about.
Add to that a housing market that is evidently melting down, rising interst rates and increased competition from various other forms of lenders out there.
What on Earth makes you think that my party is over here? It's only just begun.
CBA Price at posting:
$69.69 Sentiment: Sell Disclosure: Not Held
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