Today might be one of the doom and gloom day, reminding me about how everyone think market going to collapse and “SELL SELL SELL!! everything you have” said all analyst. Yes they were right on 2008, but they were wrong in 2009, 2014, 2015, we still survive. Question is for how long?
This is article from zerohedge, TOPIX already down 20% from August 2015 high and it entered bear market.
There are no good news, yesterday i read European market entered bear market, oil $30 was a prelude to $20 or maybe $10. For me, people keep yelling SELL! only mean bull market haven’t done yet with it business. 2007-2008 was a good example of this until suddenly the drop getting severe and wipe everything out.
2009 mark inflection point and start of new bull market, but most of the analyst still yelling SEEEEELLLLLLLL!
Right now, just wait patiently, opportunities will come and we can buy a lot of strong companies using less capital.
I have position in BEI market, but I only partially invested in some shares such as GIAA, ASII, KLBF, SRIL. Eyeing for PGAS. I also expect Rupiah will weaken against dollar maybe 2-6 months and reach Rp. 15.000 for each USD.