BHP is not at the GFC levels... not yet anyway...
The last GFC was due to a defaulting property market in the US. This was packageg and sold across the world.
The difference today is that we have a Commodity crisis.. This to me has a much more significant effect on BHP than the GFC, this is why i think we havent hit the lows yet. I own some small cap iron ore firms at the moment which are trading at a 94% discount (from $4 to $20c)
The issue is BHP is that it is a monster, huge market cap... it will take time for it to fall to the bottom.
This could easily hit the low teens in 3-6months.
BHP is not at the GFC levels... not yet anyway... The last GFC...
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Last
$38.76 |
Change
0.310(0.81%) |
Mkt cap ! $196.6B | |||
| Open | High | Low | Value | Volume |
| $38.59 | $38.83 | $38.33 | $295.0M | 7.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2919 | $38.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.79 | 3736 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |