The Australian stock markets mid-year sale

Thanks to the recent falls in the share market, there are many stocks trading at what I think are bargain prices. When you see headlines like “$33 Billion wiped from Australian share market” and “Australian market loses $33 billion in one day”, its time to go bargain hunting. The stock market is irrational and many companies’ share prices have been savaged for no apparent reason. While it can be hard to think of this news as good, as an intelligent value investor, you should welcome the news. It’s an opportunity to buy those stocks you covet at cheap prices. As Warren Buffett has been quoted a million times “Be greedy when others are fearful, and fearful when others are greedy”. At the moment, I think there is a lot of fear in the market, which is a good time for us.

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