Go for local shares, avoid offshore - Corion's David Bacher makes a big call after September's "brutal" market fall

After September's near double digit average drop in stock prices around the world (including the JSE which lost 9% in Dollar terms), investors are justifiably nervous as the fourth quarter of 2022 begins. Corion's David Bacher, however, offers some positive suggestions - specifically on South African financial and resources shares which he reckons offer value, especially relative to offshore alternatives. A realist, Bacher remains cautious about local economic prospects, but says valuations are just so low that avoiding these stocks would be a mistake. On the other hand, he is staying away from offshore stocks, especially in the US, where the Bear's Grip is tightening. He spoke to Alec Hogg of BizNews.com Learn more about your ad choices. Visit megaphone.fm/adchoices