The World in 2011 vs Now

[theasiareport]

I wrote a post back in 2011, when the market climate was very bleak. It reminds me of what is happening now (except the US seems like a brighter spot, whereas China and Asia seem like much bleaker places).

This is just a short snippet from that post, with my updates:

A few people commented to me that the market looks “volatile” & “dangerous” in the next few months and that we should wait and see before things get better.

Well, I understand how it might seem. The unrest in the Middle East, Libya, the Tsunami in Japan, the end of QE2 etc. The list goes on and on. [2015 Update: Replace this with current crisis: Oil, China, EU]

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It seems like everyone is getting very bearish in Malaysia, Hong Kong, South Korea and China... and of course oil and gas. Saw a post on AK's blog about how people are sad that their portfolios are deeply in the red, and this is unprecedented.

I don't blame them given the short-term news cycle. I have no idea whether we are at the end of bear cycle, but the pendulum certainly has swung, and Asian stocks look very compelling at this point!

Cheers,

[brattzz]

compelling is good! REAL VALUE emerges when all the FATS are skimmed off, AND we get a good margin of safety too!! wat GREAT DEAL!!!

Open our eyes and buy-buy-buy!

Remember, Bulls make money, Bears make money, do nothing and get slaughtered.

[BlueKelah]

asiareport : you must be joking right about the bear cycle. STI is not even 10% off its highs, still above 3000...

Its been more than half year since QE3 ended. was expecting a correction similar to the one in 2011 after QE2 ended. Perhaps this month is just the start of a bear cycle.

[theasiareport]

Outside the STI:

Small-mid caps (Oil & Gas, Property Sectors)
Greece
Many sectors in Hong Kong
Macau Casinos
Anything related to Oil & Gas anywhere in the World
Malaysia