Astrologers – “Year of Rat” may portend losses in Asian stocks
Mr. Tony Tan, founder of the Academy of Chinese Metaphysics says that 2008 is the “Year of Rat” and this will give potential losses to the Asian markets. He also says that the year 2007 was the “Year of Pig” and that shows the peak in Asian stock markets. “Just like a rat, investors will have to be nimble” says Tony a Singapore based astrologer.
It is going to be highly competitive year. Chinese astrology based on a mix of philosophy and astronomy dating back more than 3000 years, has 12 animals that combine with five elements to define each year, making up a 60 year cycle.
Mr. Tony expects the markets will bottom up in April, a dangerous month for stock because of clashing elements. Prices may rebound as the Year of the Rat continues, without setting new heights.
The year of the Pig was one of the optimal strength, he said, We are not going to see a repeat of those gains.
More than 60% of 1572 south Koreans surveyed and found they had approached ad astrologer for the Lunar new year or planned to do so, according to CareerNet Co, an online job-information provider in Seoul
Some fortune tellers are more bullish than Tony. Malaysia based Mr. Joey Yap, whose feng shui seminar in Kulalampur last month drew a crowd of more than 3,000 participants, said there will be plenty of opportunities to profit this year. “There are uncertainty, but there’s also a lot of activity and growth,” Mr. Joey said.
Note from myself: I am a value investor and not believing what astrologer says. Whether you believe it nor not, this is your own risk and matter.
Tell me what you feel about this article.
Credit to BL
It is going to be highly competitive year. Chinese astrology based on a mix of philosophy and astronomy dating back more than 3000 years, has 12 animals that combine with five elements to define each year, making up a 60 year cycle.
Mr. Tony expects the markets will bottom up in April, a dangerous month for stock because of clashing elements. Prices may rebound as the Year of the Rat continues, without setting new heights.
The year of the Pig was one of the optimal strength, he said, We are not going to see a repeat of those gains.
More than 60% of 1572 south Koreans surveyed and found they had approached ad astrologer for the Lunar new year or planned to do so, according to CareerNet Co, an online job-information provider in Seoul
Some fortune tellers are more bullish than Tony. Malaysia based Mr. Joey Yap, whose feng shui seminar in Kulalampur last month drew a crowd of more than 3,000 participants, said there will be plenty of opportunities to profit this year. “There are uncertainty, but there’s also a lot of activity and growth,” Mr. Joey said.
Note from myself: I am a value investor and not believing what astrologer says. Whether you believe it nor not, this is your own risk and matter.
Tell me what you feel about this article.
Credit to BL
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