Matthews said that the market tends to price bad news much earlier than they happen and so believes the markets have fully discounted the bad news we have had. He feels that stocks are cheap at current levels On Asian Markets Matthews said, “The low for Asian market was on October 27. The market may test that level but I believe that it’s a reasonably solid level.” He does not expect the market to breach the October 27 low, which is 15% lower than where the Asian markets are today Mark   read more »