We have a wonderful new record on the ASX200

Discussion in 'Sharemarket News & Market Analysis' started by oracle, 31st Jan, 2024.

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  1. oracle

    oracle Well-Known Member

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    Screenshot 2024-01-31 at 5.37.42 pm.png

    Cheers,
    Oracle.
     
    oracle, 31st Jan, 2024
    #1
    Todd, sharon, Jamie Moore and 6 others like this.
  2. oracle

    oracle Well-Known Member

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    Momentum can be a wonderful thing

    XJO (ASX200) makes a new high of 7844 and our beloved VAS = $98.15 :D(are we going to see it break the $100 barrier soon :eek:)

    Whatever little bit I know about valuation tells me this rally is not justified by fundamentals. CBA trading at 21 times forward earnings is high for a bank anywhere in the world.

    But enjoy it while it lasts

    Cheers,
    Oracle.
     
    oracle, 25th Mar, 2024
    #2
    Sgav, willair and mrdobalina like this.
  3. willair

    willair Well-Known Member Premium Member

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    I know nothing about ''VAS'' and the price range but considering most have a 10% holding in Banks then the flow on effect may help hit the $100-00..
    --CBA--Depends on Who one talks too,when media share people come unstuck is when they assume the supposed authority of the source whatever being said is true..
     
    willair, 25th Mar, 2024
    #3