Mobius: "The worst is almost over."

NVDL: Remember this quote in a few months.

clipped from www.businessday.co.za ATHENS — Stock markets are close to bottoming out as the global financial storm has beaten valuations down to very cheap levels, emerging markets investment guru Mark Mobius said yesterday. “We are getting close to bottoming. We will bounce up and down for a while; there are a lot of stale bulls waiting to get out. Markets will rally, then get hit again. There may be another 10%-15% downturn,” Mobius, executive chairman of Templeton Asset Management, which has about $30bn under management, said in an interview. He said the financial crisis was not the worst he had seen in emerging markets and disagreed with pundits forecasting a long recession or depression.