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Friday, 15 September 2017

Billy liar

Liar loans bounce

I noted earlier in the week that, for all the outlandish headlines, the "liar loans" report seemed to lack any real 'oomph'.

The market seemingly thinks so too.

Commonwealth Bank shares (ASX: CBA) opened the week at $73.50.

Upon the release of the report in question the share price promptly zoomed +4.53 per cent higher to $76.83. 

The trust of the innocent, or the plunge protection team in action?