Hi Darfot, <<blood in the streets>> I agree that one must be very careful with this round of speculation.
From where I sit, stand, walk and post, I do not see the blood yet, on the street or in the financial markets, but am certainly smelling the panic, feeling the weakening pulse, and sensing the fear.
Perhaps we will get to pickup some badly affected property shares at 60% below NAV, 4 x PE, 15% sustainable yield ...
I am beginning to wonder whether I might also be able to purchase an office at 32% below current ask. And if so, then why not 68% below current ask?
I am steeling my mind and numbing my fears in preparation for that day. If it arrives, it will be scarry to make a move then. Lessons studied earlier during financial crisis, 'there is always another 20% fall'.
The current episode, while more meandering and less straightforward, is more thoroughly destructive, and deeper cleansing.
Many locations in Hong Kong look like, on a historically comparative basis, a set from Twilight Zone.
Chugs, Jay
P.S.
SARS news
(a) Air India pilots are refusing to fly to HK;
(b) Singapore government is installing internet camera at homes of infected folks, calling them at random times so that they will appear in front of the camera to prove they are physically at home. Violators will be electronically collared. |
