It's a huge bubble waiting to burst. Not just $CommBank (CB...

Griffo_au wrote a post · Aug 20 01:49

It's a huge bubble waiting to burst.

Not just $CommBank (CBA.AU)$ but the whole banking sector. The PE here is 24.

Is it the new normal for banks to be trading on PEs in excess of 15?

It is always different until it isn't.

Pull the other one. It sings Jingle Bells.

Japan in the eighties comes to mind.

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