I believe we are seeing irrational exuberance in markets right now. By August the realisation that several economies are in a deep recession will see another decline across the board. Personally, I am already deciding which positions to exit in July. It's hard to lose with Australian banks though, given their powerful position, so you can just ride it out.
CBA Price at posting:
$72.23 Sentiment: Buy Disclosure: Held
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