Absolutely and lets face it the Banks rally is the FOMO second half of the bounce off lows and is more or less a fictional 'hope' rally
Banks are going to report some of the worst numbers in terms of 'contingencies', 'bad debts' and 'provisions for' that this country has ever seen .. but they are sacred, protected, too big to fail .. the market they command, Real Estate, is too big to fail so it is no surprise that investors quite rightly take a punt on banks .. banks earnings are going backwards, they are paying dividends out at virtually 100% ratio whilst earnings are caving.. this is not sustainable
CSL on the other hand is a blue chip that is and will continue to actually grow earnings..
So yeh investors can gamble on Banks or invest in earnings growth at a decent price .. simple choice for me
GLTAH
CSL has more downside...and chat, page-615
Add CSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$293.00 |
Change
2.260(0.78%) |
Mkt cap ! $141.5B | |||
| Open | High | Low | Value | Volume |
| $294.00 | $294.75 | $290.82 | $491.6M | 1.702M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8192 | $292.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $293.06 | 12368 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CSL (ASX) Chart |