11:18 am - ICapital gets hit too ! Icapital is a good proxy for KLCI

Our M'sian value investor Mr. Tan Teng Boo own's closed end fund performance slightly worse off than KLCI.

1) Down -28% for icapital from Jan 2008.

2) KLCI down -20.4% from Jan 2008.

Now the question remained ?? Can I buy at this level for Icapital when it is so cheap ? Again, look at the chart. I foresee the KLCI can go down further more.