January 23rd, 2012
02:50 AM GMT
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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.

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"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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Filed under: AsiaChinaHong Kong

soundoff (11 Responses)
  1. Marco Hsiao

    Happy Spring Festival (Chinese, Korean and Vietnamese New Year)! Today is the first day of Dragon year. Dragon year mean great and prosperous year.

    East Asia is progressing fast on various fields. Possibly in 2019, East ASia will replace Europe as new world center, and at the same year the world will enter "Two Superpowers" period again. Now East Asia is rising at fastest speed (on the contrast) in past 500 years. Soon East Asia will become the world trade and industrial center.

    January 23, 2012 at 4:01 am |
  2. Marco Hsiao

    In this dragon year, A great East Asia seems to be approaching. In the next dragon year – Will the largest economy and military of the world be moved into East Asia?

    January 23, 2012 at 4:19 am |
  3. Aisha W

    Finally my year ! Plz be good to me ..

    January 23, 2012 at 5:07 am |
  4. chenjie

    i think so .

    January 23, 2012 at 6:35 am |
  5. dovahkiin

    Chinese invented magnetic compass to check Feng Shui, Europeans used it to conquer the world.

    January 23, 2012 at 7:41 am |
  6. Sigurd

    My dishonorable ancestors were not Chinese! My eyes are not epicanthic! I do not have any silk underwear!

    January 23, 2012 at 8:04 am |
  7. Justin

    Nothing in the financial sector is by chance, wake up! It is all a game of deception by the Wall Street bankers. This year the bottom falls out!

    January 23, 2012 at 8:05 am |
  8. 梅世富

    Happy new year!As a Chinese,may the New Year bring many good things and rich blessings to you and all those you love!

    January 23, 2012 at 10:43 am |
  9. 1952


    January 25, 2012 at 7:59 pm |
  10. sameh

    oh my god these Childrens bewitches miracles


    January 26, 2012 at 2:11 pm |
  11. Windows8 icon studio for Windows8

    Leave me alone!

    September 24, 2012 at 9:02 pm |

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