Bottoming in sight?

While bank stocks are as predicted collapsing, the rest of the US market is going down with them. Interestingly, the only markets holding up pretty well are the Chinese stock market and, to a lesser extent, the Hong Kong market. One way to argue the outperformance is that HK/China stocks are the first to go down back in 2007. I am inclined to think that we are toward the end of the bottoming process and the equity indices are very near a short term bottom.

Based on my quant model, the stocks as of Feb 2009 are as follows. For those preferring larger cap companies, I backtested another quant model with lower historical return (around 11% p.a. in the past ten years). Please see the second table.

HK981 SEMICONDUCTOR MNFG.INTL
HK2313 SHENZHOU INTL.GP.HDG
HK1175 FU JI F&CG.SERVICES HDG
HK3336 JU TENG INTL.HDG
HK903 TPV TECHNOLOGY
HK732 TRULY INTL.HDG
HK995 ANHUI EXPRESSWAY 'H'
HK480 HKR INTERNATIONAL
HK775 CK LIFE SCIS.INTL.HDG
HK1168 SINOLINK WORLDWIDE HDG

HK267 CITIC PACIFIC
HK293 CATHAY PACIFIC AIRWAYS
HK12 HENDERSON LD.DEV
HK17 NEW WORLD DEV
HK13 HUTCHISON WHAMPOA
HK386 SINOPEC 'H'
HK6 HONG KONG ELECTRIC
HK857 PETROCHINA 'H'
HK330 ESPRIT HOLDINGS
HK823 LINK REIT