Year of the Dragon suggests stock market gains in 2012

Viewed as a major game-changer, the dragon should support the market once it emerges from the water in August, according to CLSA's tongue-in-cheek feng shui index.

The arrival of the year of the dragon next week could bring about a change of fortunes for the Hong Kong stock market, although not for a while yet. At least if one is it to believe CLSA’s popular Feng Shui Index a tongue-in-cheek look at what lies ahead when interpreted in the context of the Chinese zodiac and the five elements of metal, water, wood, fire and earth.

While designed to put a light-hearted spin on the bank’s predictions for the year it does arguably make CLSA stand out among the numerous outlooks that are published this time of year some people seem to take it quite seriously....

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