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clock Created with Sketch. 08/11/24
01:31
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Originally posted by Joffrey
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Would love to know who is bidding the price up & for what reasons. Ive heard all sorts s of theories. Ranging from the reasonable - benefitting from passive investing as it collects 10 cents for every net index dollar invested into a passive fund tracking the ASX based on its market eight. To the ridiculous theories, such as CBA being a 'safe haven' in the Australian market during a time of economic uncertainty in China - which will only heighten given Trumps tariffs threat. A safe haven is the 1 or 2 year government bonds paying 4.15% interest rate, not CBA with its 3.16% dividend yield trading at an extreme multiple.
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The market is known for making fools of out the most knowledgeable market pundits. Have seen it happen many times over the last 50 years.
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