When is the time to buy?

As asset prices fall, should we be looking to a new level of pricing, or should we be taking up opportunities?

One factor dragging prices down into 'oversold' territory is redemptions from funds - fund managers need to be net sellers in order to meet client redemptions, ensuring that the supply/demand equation puts downside pressure on prices.

We can probably expect a new wave of redemptions as investors receive their September Quarter results. Hence we're not at the bottom yet!

[Update: Hedge Funds Prey on Rivals]