Once in lifetime CBA opportunity?
The CBA will be down around 10% for today if the market will not stop reacting.
The Q3 report for big four banks showed that Commonwealth Bank has flat operations income on first half quarterly average. Cash profits are down 1% in first half quarterly average.
In my opinion these are only due to unconfident in modern economy and the bank is yet to prosper. It is still one of the biggest companies in the world and a dominant of Australian financial market.
In my opinion the opportunity that will rise tomorrow to buy it on discount is exclusive and has to be used by everyone.
What are your ideas? I don’t think the bearish market will continue so severely tomorrow, so it will be the day. Please give your ideas if I am wrong in any way or my ideas counter yours.
Good luck investing !