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After all, probably the best is to allow all market drop to a good valuation level. Personally, that i feel is really market driven.
I think the bottom should be near. Anytime soon with a few more measures will be out from any angle.
I revised and calling a selective buy distress stocks in KLSE. Preferred Maybank, Bursa and Genting. Should turn from nibbling to agressive buying.
Time is done for REIT as it has done a good job for defensive.
For speculative play, KLK, Genting-CL, TMI-CA are all strong potential buy at this level.
The next steps should be second round of worldwide interest rate cut before end of the month. Again, turn agressive.
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2 comments:
I think we will have to sit and wait for the tide to go out by it's self. This is a correction, I it is health and overdue.
We will see recoveries later. The storm will pass. Like any other storm. :)
Colin
Of course, theory will no change, so do history and facts, just up and down.
Positive!
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