In the first part of the book, he makes the case that secular bull markets are usually followed by secular range - bound markets, in which the drop in P / E ratios negate earnings growt
In the first part of the book, he makes the case that
secular bull markets are usually followed by
secular range - bound
markets,
in which the drop in P / E ratios negate earnings growt
in which the drop
in P / E ratios negate earnings growt
in P / E ratios negate earnings
growth.
We expect Asian
markets to continue a long - term
secular bull phase, reflecting the economic
growth in those countries, although
markets will probably experience corrections along the way.»