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Old 03-06-2011, 06:44 PM
ronn
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Post By :RE: A quick c

By :RE: A quick check shows that the Malaysian stock market peekad at just under 1300 in 1997. Last week it closed at right at 1300. That's twelve years to get back to where it was before the crash of 1997-1998. That's also in nominal terms, not inflation adjusted. Just like the current rally in the U.S., the market did come back to 3/4 of its peak value pretty quickly. But here we are 12 years later, and in inflation adjusted terms their market is still at only 50% of peak.I'm not sure how you think this example supports your intended point. In fact, it looks more like you just gave credibility to the opposition. I'd suggest you try again. ;-)I don't think you get it. I have been talking about what a recovery looks like. we aren't talking about 1300. we are talking about 300, the point of maximum pessimism. we are talking about gdp down 40%. the currency down 40%. capital controls. a pegged currency. if we move our starting point, from 300 to 1300 in 10 or 11 years is awesome growth, especially from the end of the world bottom. if they can dig out of a gdp plunge of 40%, we can dig out of our measly 6% plunge. the fact that the falling currency boosted exports and the recovery gives us hope. contrary to popular belief we do manufacture a lot. Rate this comment: 0 0

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