Way too many Instos and Fundies are sleep walking on their shorts. COVID, war, Inflation and as recently as 12 months ago a North American Financial/Banking Crisis. Shorts have been handed a platter of negative global economic events the last few years. They were up not through skill through a series of negative world events, that's for sure and definitely plenty of coat-tailing snowball effect on the institution side of the market. The going was good in shorting but the shorting good times have now ended. It was very hard to be a long haul value investor for a while there but the pendulum is swing on the other side.
Those now addicted to shorting that haven't realised the wind has changed will pay dearly. As I said in the other thread. The case for further accretion upside for CBA, along with other fundamentally solid business is quite obvious as we enter the lowering of IR cycle.
Because "Interest rates power everything in the economic universe. Interest rates are to asset prices like gravity is to the apple. When there are very low interest rates, there's a very small gravitational pull on asset prices." - Warren Buffett
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