how low can this go?, page-312

We all know the market can overreact bigtime at times. I think that this is one of those times. I hope so anyway because I have bought a lot. Look at the banks. People have been scared off with the royal commission but how much will it really hurt their earnings. Not a lot. They can be embarrassed by it and perhaps get a fine or two but at the end of the day it will not affect their earnings much. FIG has been hammered. If ever there was a case of overreaction I think this is it.
Who knows whether the St Andrews deal will happen or not. If it can go ahead that would be great.