ASX looking a bit 'tragic' - XJO shows an 18pt gain which largely came courtesy of CBA which put on +1.63% on huge late buying volume - did all that $$$ come from China?
CBA @$141.77 is very rich indeed by all historical standards- only China buying could explain this. Buying that has no understanding of fundamentals nor valuation.
Our CBA is Wall St's NVIDIA. But all interest in buying Australia centres on just CBA?
