Touch wood, but I note that markets are stabalising now. Especially since the price of gold has plummeted from its highs of well over 1800 USD per ounce, I view this as an indication that people are no longer quite as panicky as they were the last few weeks. I don’t like to guess whether we are already at the bottom or not, because it is almost impossible to get the exact day. Nevertheless, we are probably quite close.
The reason why I think we are quite close is because we already started from a relatively low base this year. Its not like markets had been in a bull run for several years (like in 2008), markets were already quite cautious and grappling with various concerns like a double dip recession, the European financial debt crisis and China inflation since last year. Also, there isn’t a property bubble this time ......
