What's happening to the ASX lately?

[skyQuake]

this market is kinda what you want as a fundamantal investor, You want there to over the top pessimistic selling, thats when you have the opportunity to buy the businesses you have been researching for months at prices that will make them great investments.

to be honest all this uncertainy throws up lots of opportunities for me to make investments,

But that is at the risk of ignoring bigger macro picture? Eg, today is eve of the Make or Break euro summit, Obama negotiations with republications over the debt ceiling.
Things can get a lot cheaper (or more expensive!) very quickly

 

[Tysonboss1]

But that is at the risk of ignoring bigger macro picture? Eg, today is eve of the Make or Break euro summit, Obama negotiations with republications over the debt ceiling.
Things can get a lot cheaper (or more expensive!) very quickly

I suppose a good fundamental investor is not ignoring big macro events, We just take look at the big picture and make an assessment of how the individual companies operations will be affected.

If I believe there will be little of no effect on the companies real cash earnings, and the current price is attractive based on the margin of safty principle I will take a position.