HK markets recovered nicely ending the day up today despite US selloff.
And for good reason. It’s been crazy oversold & didn’t even have an opportunity to rally with all that’s going on in the world. This market is trading at 8X PE. And if history is a guide, it doesn’t get too much cheaper than that.
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RightTime : What is cheaper can always become cheaper.. so have to be prepared for that. But companies of good value (i.e., already at low prices) getting cheaper due to macro factors will get cheaper lesser than companies that went up 200% 300% this year.
When macro factors bottom out, the good and at cheap will bounce up very hard.