This is not a buying opportunity

Asian stocks have lost ground during the past week or so, but our readers aren’t convinced that this is a good dip to buy on.

This is not a buying opportunity
Which way now? (ImagineChina)

We asked our readers last week if they reckoned stocks would rally after the grim summer. Stockmarkets suffered mid-year panics during both 2009 and 2010, followed by decent rallies, and we wanted to know if 2011 might show a similar pattern. Most respondents were pessimistic about that.

Indeed, they were pessimistic even before Friday and market reactions yesterday suggest that the US downgrade has not made them any more optimistic. Stock indices throughout Asia showed...

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