Market bottom: Are we there yet?

THERE is nothing more annoying than driving to Kuala Lumpur when – just past the checkpoint and with Johor Bahru still in the rear view mirror – the children ask: “Are we there yet?”

It’s also a familiar chorus from investors waiting for a falling market to bottom.

For some investors, it’s a cry of desperation because they have held on and want to know when the slaughter will stop. For others, it’s a cry of opportunity because they sold early and have cash waiting to get back into the market.