I agree with you Orwell. The DJIA will overpower our market in...

I agree with you Orwell. The DJIA will overpower our market in the next few weeks. While our bank stocks have already almost gone through a price correction the Dow is only 4 percent from its all time high in September and the S&P 500 is down 5 percent from its high.
Many experts believe that these markets are due for a correction (ie. 10 percent or more). The last correction for the Dow and the S&P were in 2011 and there was very close to a correction in June 2012 when the S&P fell 9.94%.
These markets should go lower because of the following legitimate reasons facing investors; 1: The Federal Reserve should announce very soon that it is difinatively ending its quantitave easing; 2: USA earnings for the third quarter should be good but not great; 3:The Fed is expected to raise interest rates in 2015; 4: Europe's economy is spinning out of control and China's economy is slowing which will all effect US earnings; 5: ISIS, the Ukraine/Russian conflict and Ebola all have the potential to disrupt market stability.
If and when the Dow and S&P do go into a correction in the next few weeks we should see CBA shares around the $70 mark.
Going into mid November I see the stockprice rallying before another fall after the New Year.
I currently hold CBAYA7 short term puts.