Magnificent 8th, CBA, enters ludicrous bubble phase
by
David Llewellyn-Smith
January 22, 2025
The bubble of a lifetime in CBA shows no signs of bursting at 26x growthless earnings.
Hilariously, on two-year forward earnings, CBA is the Magnificent 8th!
And Aussie banks are plain stupid in context.
I still maintain that this bubble is going to burst when rate cuts begin.
The mass immigration economy does not do wage growth nor, therefore, sustained inflation.
As more cuts than expected come, net interest margins will be the pin that bursts the bubble.
Or maybe CBA will go to 50x.
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