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Just an update...
The HSI has fallen to near 17000 level
Minus the tech stocks which are cheap but complicated the other stocks are now valued as low as they were valued during the Asian Fianncial Crisis level. So those who.missed the chance in 1998 it has come back once again.
What go tye HSI here js a mix of many misfortunes starting with the mass protests of 2019
Pandemic, zero covid and recession
This time however it is a bit complicated as the US is off sync and raising rates while HK is is already in recession.
At some point the valuation will price for long term decline of HK.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(28-09-2022, 07:41 PM)sgbuffett Wrote: Just an update...
The HSI has fallen to near 17000 level
Minus the tech stocks which are cheap but complicated the other stocks are now valued as low as they were valued during the Asian Fianncial Crisis level. So those who.missed the chance in 1998 it has come back once again.
What go tye HSI here js a mix of many misfortunes starting with the mass protests of 2019
Pandemic, zero covid and recession
This time however it is a bit complicated as the US is off sync and raising rates while HK is is already in recession.
At some point the valuation will price for long term decline of HK.
It’s at yr “surely all in” level already. Put yr $ where yr mouth is. Show hand.
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(28-09-2022, 08:01 PM)Zannn Wrote: It’s at yr “surely all in” level already. Put yr $ where yr mouth is. Show hand.
You are right when it got close to 17000 wanted to buy but because it had not reached and I thought patience is best it did not touch.
Also Dow is still unstable.
It did not have same feel as March 2022 when it drop so fast until people face turn green......and market reverse so fast I manage to buy very little.
This time it's not the small speculators running like spiders the last few funds that hold out until now.
It is also the point where those few who still want to get out sell to long term value investors who will sit through the painful recession.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 28-09-2022, 08:15 PM by
sgbuffett.)
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