Daphne Roth, Head Equity Research of Asia at ABN AMRO Private Banking, tells CNBC Asia’s Protect Your Wealth, that she believes Asian markets have been overbought and a sell-off can be expected soon.
"What we advise investors to do is to position themselves for a 10 percent pullback.
I don't think this time the pullback will be as violent as in the November '08 or the March '09 situation, because conditions have certainly improved, credit availability is better, and also the state of decline is not as extreme as the other time," she says.
Taken from
Some promising stocks in China and a warning on correction ahead
posted on May 16, 09 07:04PM
On 300 club Hub
Posted By:CNBC.com
Topics:Asia
Personal Comment .:
We should also consider that China pursues an 8% growth this year " which they will fight hard to achieve " .
In order to do so they should average between 8% and 9% for the rest of the year, and even if they can only achieve 6% on a yearly basis as predicted earlier this year by the IMF , they should still perform at a rate above 5% for the rest of the year so maybe the correction " if it happens " will be a little milder then Mrs. Ma's prediction .
