Oil Prices

[BlueKelah]

anyone of the view that start of bear market is already here and we are going to see things fall till mid 2017 before moving up again.

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Me too...

If we look at Japan and China the two largest economy in Asia, Japan is sorta sideways, being kept alive by abenomics for now. China on the other hand is definitely imploding. Main trade partners like south korea and taiwan have had pretty bad quarters for exports recently, which probably are a good reflection of China's economic slowdown as it is the key export market for them.

Corporate earnings in asia are mainly down as well. So fundamentally it is all set up for a bear market. The >20% drop in STI can be considered entering bear market territory already.

Nowadays with HFT and quick info flow, it will not take long for things to hit bottom for stocks, probably a month or so. For other asset classes like property, flow on effect from stock will lag half year or so usually. Things could actually rebound in 2H2016 or earlier if USA Fed steps in by announcing reversal of interest rate policy and maybe even QE4. Otherwise carry trade into emerging market will continue to unwind and push asia further into bear market.