Bacchus i bought some CBA today, 27.80. The same price they were in 1999. So i guess i agree in some part to what you are saying.
however i do feel we will realise new lows next year. Worse than expected earnings will eventuate and drag us down. Throw a tennis ball to the ground and it will bounce up before falling back down again. Are we about to see the bounce before the next down? Gotta be soon IMO. I'm not totally convinced that the big 3 going into Ch11 is a bad thing. Will the market agree after the initial panic sell?
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Bacchus i bought some CBA today, 27.80. The same price they were...
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