"We shouldn’t be too pessimistic in 2009; lots of bad news has already been priced into stocks,"...

|By:, SA News Editor

"We shouldn’t be too pessimistic in 2009; lots of bad news has already been priced into stocks," fund manager Wang Zheng says in Shanghai after a solid 3% gain today. "Recoveries of the economy and cyclical stocks are supposed to be the major investment themes this year."