January 23rd, 2012
02:50 AM GMT
Hong Kong (CNN) – No research report in Hong Kong draws as many eyes and as much water cooler chatter as CLSA's Feng Shui Index, a pun-filled financial prophecy based on Chinese astrology.
Prepared by Philip Chow, CLSA's full-time transport analyst and part-time Feng Shui master, the report says to keep watch for a watershed moment in this Year of the Dragon.
"For the Year of the Dragon you will always see a very sharp inflection point," Chow said at a press conference.
"After that sharp inflection point the index always goes ballistic or it just goes into free fall."
This year, he predicts a tough first half for Hong Kong's Hang Seng index, followed by a tipping point that leads to an upbeat September.
Sectors expected to perform well include cement, gaming, property, tourism and transport.
But CLSA warns against extrapolating too much from the report.
For example, a prediction that money will flow west might refer to Western China, not Europe. Plus, the whole thing is meant to be taken lightly. Last years report got "two 'spot-on' calls versus five 'dead wrongs,'" according to CLSA.
The most popular section, at least at CNN Hong Kong, is always the predictions based on each of the 12 signs of the Chinese Zodiac.
Going beyond just finance, the Feng Shui Index also weighs in on health, love and career success. Read yours out here. It seems the Dragon will be very kind to Rats, Tigers, Rabbits, Monkeys and Roosters and not so kind to Cows or Dogs.
"Plenty of smooches for mooching pooches, but not much satisfaction in all that action." Ouch.
After the Year Rabbit brought the European debt crisis, the Japanese triple disaster and the Thai floods, most investors were running scared. Here's hoping Year of the Dragon proves to be more of a friendly creature than a fierce one.
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