But Fineman says volatility isn't necessarily a bad thing. And, he concludes, there is good value in Asia if you know where to look. People are very jittery and volumes aren't terribly heavy, which make it easier to move certain markets. There have been a number of initial public offerings in the last few months and more to come in the next year. The size of the new issues is tremendous.
Wobbly conditions make the IPOs more difficult for the markets to digest.
Compared to what we had in the first quarter, the quality has improved. We don't have silly dotcoms lacking profits or business models. We've got companies being privatized, some of which are interesting. We have companies looking to fund acquisitions or capital expenditures. These are not so bad.