Singapore Stock Market News
Year of the black water dragon
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Publish date: Sun, 22 Jan 2012, 10:59 PM
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CHINESE NEW YEAR has come a little early this year and soothsayers, economists, fortune tellers and strategists are all coming together to give their take on what 2012 will look like.
There are several other views floating about too though. CLSA has just put out its annual Feng Shui Index, which attempts to predict the monthly rise and fall of the Hang Seng Index (HSI) using feng shui principles. The dragon is regarded as a major game-changer, but is also an unpredictable beast. CSLA therefore sees a gradual slide in the HSI till August, when we should see a strong rebound that will begin to taper off in December.
Based on a reading of the five elements ' metal, water, wood, fire and earth ' CLSA also forecasts that several sectors will have a better year than others. Those with a fairly good prognosis are transport, gaming, cement, property and tourism. Cement, in particular, is likely to fare exceptionally well. Those that might see some trouble are oil and gas, telecoms and Internet, technology and utilities.
If you were born in the year of the rat, 2012 will be a fab year for you, CLSA says. To boost your wealth, put a red object in the south of your home or office. To boost your health, put a music box in the west. 'This year promises sterling returns for the quick and the debt-free,' the report says. Also set to have good years: the tiger, rabbit, monkey and rooster. Cows and dogs may need to take a little extra care.
P.S. Wishing all readers a happy and prosperous lunar new year ahead.
Source : Theedge Singapore
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