Year of the Dragon meets feng shui to raise hopes for stock market rally

http://finance.yahoo.com/news/dragon-raises-hopes-stock-rally-091316148.html

HONG KONG (AP) -- Hong Kong investors preparing to welcome the year of the dragon should look forward to a strong stock market rally much like the mythological creature rising from the depths, a brokerage said Wednesday in lighthearted astrological predictions.

CLSA Asia-Pacific Markets released its highly anticipated annual feng shui index on Wednesday ahead of the Lunar New Year next week that marks the start of the year of the dragon.

The firm said its index predicts that Hong Kong's benchmark Hang Seng Index will have a lackluster performance in the first half of the year

The dragon is the only creature in the twelve-animal Chinese zodiac that doesn't exist in real life and according to Chinese tradition, they only appear right before important events such as a transition of power, Chow said.

For investors, that means “when the dragon does actually show up is when overall desperation in the markets is at an extreme,” said Chow. In August, “we would see the dragon accumulate enough energy to soar from the depths.”