Inexperienced here, but i am wondering, falling short of there being a massive world-wide recession (instead of just a moderate one) is there any real likelihood that the SP would not be $20 plus in the next 12 months?
-Australia's response to COVID has been world leading and assuming no second wave the worst seems to be behind us
-Unlike similar hit to SP in 2009 this current uncertainty is fueled by a pandemic and not a systemic financial crisis and housing/ mortgage bubble.
There are a tremendous array of other issues facing the global and domestic economies I understand, but i fail to see any real reason to figure that bank stocks SP should be this depressed, as it is basically halved since COVID.
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Inexperienced here, but i am wondering, falling short of there...
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