CLSA Asia-Pacific Markets released its 17th Annual Report “Fengshui Index 2011” on Wednesday January 19, 2011.
“The year of the rabbit in the Chinese lunar calendar begins next month, and for investors in Hong Kong, that means the stock market will go up in short bunny hops.”
"The rabbit is a very cautious animal. Every time it hops a bit, it turns around and checks out the environment - is it safe? - before moving on."
“That's how Hong Kong's benchmark Hang Seng Index will also perform in the year of the rabbit, which begins on Feb. 3.”
"The market will go up but every now and then it will slow down take a breath, take a look at the surroundings, evaluating what is going on and continue to go up. It will be a zigzag market,"
“Feng shui is the traditional Chinese practice of predicting fortunes through dates and classical Chinese texts as well as using timing and the placement of objects to improve luck. The term feng shui literally means wind and water and the practice dates back thousands of years.”
“Metal and water are the elements associated with the rabbit this year, so that means industries such as metals, airlines, financial, marine and gaming would have good returns for investors. However, sectors related to the earth element, such as construction and property, would not do so well.”
More comments from CLSA - Jan 20, 2011
“It also expects the HSI to close the year higher. According to CLSA's prediction, the HSI will reach 29,000 points in 2011. “
"It will be a year 'up', but it will also be a year when "wealth will be hard earned",
“For the market, there will be a "dull" and "slow" start to 2011, with the Tiger reluctant to leave and the Rabbit hesitant about showing up. “
“Market softness will remain in place until April and May when the market will experience a slight rebound. The real rally will be seen after the summer as the second half of the year will see a sustained market rally despite the rabbit hopping into a ditch in September”
"We expect a market rally in the second half of 2011, it will be a "zigzag market".
WOW! Lookout for my Fengshui Stock Market Forecast 2011 Year of Rabbit!
(click on the words highlighted in red above to download your CLSA Fengshui Index 2011 PDF)
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