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I just heard that the Hongkong gov't marshalled all the major listed companies'
owners
to a meeting and essentially "told" them to support and buy their own shares.
This may not be a popular move for those free market internationalists,but its
working so far, so, they drew a line of support where their market has fallen
(reasonably?) enough (who knows
the future whether they are right or wrong? IMHO, they are wrong). Hope and
pray your mutual fund owners have the strength and wisdom to support your
markets at your current valuations. In comparison with the world at large.
Objectively speaking, and currently your corporate potential yields might not
be becoming as attractive for capital looking for better yields in other
places. (of course should always take capital safety into consideration too!)
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