@swaggertrade - History is only a guide when it suits an...

@swaggertrade - History is only a guide when it suits an argument. if you were right then it should be across the board. In 2008 the CBA shares were rock bottom and by your "historical assumptions" I should have sold mine at around $80 - the same today trading over $100. There is no basis to bring in historical comparisons unless the circumstances are the same, We have and are going through a pandemic and now those recovering are trying to get the country running and there is a demand for steel - hence there is a play in demand and supply. Infrastructure has been ignored far too long and this is the catch up time and to get people into employment. China has also not fared too well from this pandemic and businesses have shutdown and they are trying to move faster than anyone t get their economy going. i think you need to take a break as it seems you are "swaggered Out."