Perhaps , and I mean perhaps , and allowing for the obligatory overshoot, fundamentals for our 'new' market have been factored in already. Much less liquidity means that fundamentals of business have had a paradgim shift, so sophisticated investors have already priced it in , and the panicing flock just helped it overshoot a little. It won't be for another 3-5 years until we see the result , and then the 'fundies' will make a much clearer picture. As usual , t/a and f/a have gone hand in hand , we just can't see it through all the noise...
