During last 12 months, we have seen one of the most difficult time in the equity market, is there any end to it? I don't think anyone knows the real answer for such questions, if that is the case then what should an investor do now? Every professional investor or trader who’s worth his salt knows two things very well...…- Many of the lowest risk, most profitable investments and trades are made when things look the scariest … or as better said, when it’s darkest before dawn. And …
- Like sheep being led to the slaughterhouse, no one ever gets rich following the crowd in the markets.
So with the above in mind … and with almost everyone we know still very bearish and caught in the emotions of these times. But as far as Asia is concerned — it’s in far better shape than most are claiming and it will bounce back faster than any other region in the world.
Keep in mind that most Asian countries have current account surpluses … healthy, strong banks … and large foreign reserves. They are also slashing interest rates … cutting taxes … and have loads of cash on hand for fiscal stimulus.
China will lead to the upside, soon. Followed by India, which despite the terrible Mumbai terrorist attacks, is looking like its stock market is making a major, multi-year bottom. So, it is always better to start bottom fishing for long run, such once in a life time opportunity might not knock the door again.
- Payal Saha, Associate, HBJ Capital
Note: I have decided to drop my previous posting on Shankar Sharma.
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