I can't say that we've seen the bottom. But a lot of the bad news is already reflected in prices. I'm wary of finance companies. Some banks have fallen to levels where they are starting to look attractive. But others need to fall further before stock prices reflect the size of their problems.
Property is likely to remain depressed for a while because of huge oversupply.
The energy sector is a safer place to invest because earnings are more cyclical. Despite tough competition, cellular telecom stocks look better than fixed-line operators. Among manufacturing stocks, the outlook is mixed, though there a few bargains emerging. All Rights Reserved. Terms under which this service is provided to you.