Paul Schulte, Chief Regional Equity Strategist of Nomura, feels that the global markets may test earlier lows. He said that several Asian markets seemed to have bottomed out. He also sees steel as a depreciating asset and steel stock as a value trap.
Comparing India with China, he said, "India is extremely cheap compared to China." He believes that there is a fundamental difference in developments in Asia versus West.
Monday, April 20, 2009
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