You have to know where to hoe. Take the Korean stock market.
Some analysts now see bargains.
No new bankruptcies are expected and reforms in the financial market should help improve the profitability of banks, says Kwon Jung Kil, a fund manager at Daewoo Securities in Seoul. We have reached the bottom. Now is not the time to buy bank stocks, says Rhee Namuh, head of research at Dongbang Peregrine Securities. Foreigners are off-loading their holdings, up to a million shares a day. The systemic risk is just too high.