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With Asia, Europe and even the United States in confirmed bear markets, it's becoming increasingly harder to find global stock markets with bullish prospects. But thanks to the election of a new president who has undertaken steps to reconcile with "Big Brother" China across the strait, Taiwan is one of the handful of global stock markets that could rally strongly between now and the end of the year.
The market suffered through its worst June since the Great Depression, and curiously, it's the seriousness of this sell off that has me cautiously optimistic about the possibility that we are approaching a low in stocks...
With global equities clocking their worst first-half performance in 26 years, market Cassandras are having their day in the sun. Last year only two markets in the world -- Russia and Saudi Arabia -- were down halfway through the year. This year, only a handful of global markets -- Saudi Arabia, Brazil, Mexico and South Africa -- were up in local currency terms.
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