There is talk of some downgrades in earnings after people had a closer look at yesterday's profit report,

There is talk of some downgrades in earnings after people had a closer look at yesterday's profit report.

It's a great opportunity for us. We're going with someone who has experience, and if you look at most people who succeed they've got a history in this event.

It's a little premature for a downgrade like this when the industry is about to report earnings that are better than anyone expected. We're pretty neutral on the industry but selectively bullish on certain stocks. If anything, the sell-off has created even more opportunities.

A lot of people are waiting on some big economic numbers due out of the U.S. tonight because of the implications for interest rates.

I think people are pretty happy with the BHP result but the share price has not done much. These days you don't get rewarded for a good result just hammered for a bad one.