Australian Investment Blog

Focusing on CBA as market fluctuations continueGood morningOverviewMarket volatility continued last night with the Dow falling 263-points before recovering to close down a relatively small 78-points (0.5%). Last night's price action again illustrated the ease with which stocks are still able to fall but also the buying that appears in periods of significant weakness.All eyes were focused on Janet Yellen at 7am looking for her to give any clues on the Feds direction for interest rates. After the recent turmoil caused by poor communication of her reasons around not raising rates a clearer message of her future intentions was anticipated. To many it came as no surprise when she stated the Fed still intended to raise rates in 2015 as the Fed attempts to both manage the economy and keep markets happy!So we remain firm in our view of the markets where we are looking for a further spike down to the 4900 area on the ASX200 for a strong buying opportunity… however, patience remains the mantra!Turning to the Markets