Unique. CBA regularly dips below 70 almost every year. Its just market sentiment. Go back and have a look at CBA during the GFC. What happened shortly after? Im sure you know.
CBA has been hit hard with 700 as you know. Of course its going to be in the doldrums for a while. With the RC and all the other mud thrown the banks way the SP will be treading water for a while yet. All the banks are down.
IMO I think the banks will rebound after a while. Great buying. Doomsday is not here yet. The property bubble might be just that but if it bursts its affect will be minimal
Nothing wrong with CBA or other banks . The next election might be a strong headwind if ALP gets the nod and that may be another reason for weakness.
Give it 12 months and CBA will be back better than ever.
Stackey
CBA Price at posting:
$68.18 Sentiment: Hold Disclosure: Held
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