I had been investing in stocks for 23 years since 1990 and had gone through numerous cycles of the market.
I agreed with Peter Lynch that investing is an art more than a science. He said if it is a science accountants will be the richest persons.
Markets were driven by fear and greed. Had it worst stocks were driven to ridiculous level inconsistent with its fundamentals.
I went to many AGM and EGM to talk to market players to see what is really written in the annual reports.
Fundamentally sound stock were driven ridiculously cheap to 8 cts in 1997 crash e.g. Sincere Watch had since been taken over at $2.
Jade Tech which is a heavily lost making stock were driven from 2 ct to around 50 cts.
I had been collecting the M'sian and S'pore market 40 years ofdata.
So if a person can master and forecast the cycle of the market, can do well in stocks.
Warren Buffett the greatest investor said he couldn't predictshort termsmarket directions.