CBA TA update, page-1374

The dumb and dumber club at it again ...really??? a 'Ponzi rally' LOL! you shorters have no idea and make crap up as you go along (please keep me laughing), for those shitting their pants over a high PE, let me remind you Berkshire and Hathaway also had spikes in their historical PE. until last week hitting USD trillion market cap.

When a business is growing and weathering the ups and downs of the macro environment, natural market capitilisation growth will follow over time.
if the financial sector in the US and AUS remain healthy with no 'major shock events' it will steadily grow along with the sector average and move with the Index. currently CBA is a major holding 41% of the ASX financial sector.

Berkshire Hathaway
The average historical PE ratio of Berkshire Hathaway for the last ten years is 20.45. The current price-to-earnings ratio of 14.26 is 30% less than the historical average. Analyzing the last ten years, BRK.B's PE ratio reached its highest point in the Dec 2018 quarter at 125.26, when the price was $204.18 and the EPS was $1.63. The lowest point was recorded in the Mar 2021 quarter, when it reached 5.85 with a price of $255.47 and an EPS of $43.64.Berkshire Hathaway PE ratio by yearMaximum annual increase: 1,051.29% in 2018 Maximum annual decrease: -94.56% in 2019.

In other words, only if you have fatter wallets than the Super Funds that require Aussie financial allocation, then you are just going to get burnt!
Is CBA a perfect business, NO! not even close, is it expensive at the 'CURRENT time" = well yes! that is clear.
will it be worth more over time? noone really knows but barring any major events = most definitely yes

this is my opinion! unlike some clowns on here getting it all wrong and telling people what to do! and making excuses for all their crap calls!
if it does drop to 120's again, I will be right there with you topping up!