It is CBA. By its nature it already offends sensibilities. Like...

It is CBA. By its nature it already offends sensibilities. Like many I was refused a CBA home loan early on. If anything they were quite strict. Who knows what offense this bank did to drive these negative feeling. Obviously having the SP this elevated is causing hurt feelings, a very deep resentment of violating someone's sense of what is proper and fitting.

Not that long ago many came to the CBA boards proclaiming the end of banks. This was during the BPNL bubble. That bubble has popped , banks are still here, with CBA leading the pack stronger with are larger markets share than ever. Same during the RC, Covid, Bitcoin bubble etc... The historical list goes on.

It is entertaining but with a little view from history it becomes poignant. Bank bashing in this country is relentless. We all remember the TV commercial where it is taboo to mention banks during a barbeque. It is a cultural thing... I'm hearing quite a bit that overseas buyers are what is driving the CBA price. There is quite a bit of truth in that. Not a single AUSTRALIAN Insto, fund manger, LIC or so called market expert for that matter have been bullish or made a call on this kind of pricing on CBA. That is really on them to be honest. Many need to dig deep and have a soul search and maybe arrived at a conclusion to some sort of Phycological Bias (Cultural, Confirmations etc There are many types out there) on why they missed this opportunity on CBA.

But who am I kidding. Much easier to just keep bashing CBA maybe... Maybe like a broken clock eventually...