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x Year of the Earth Cow 恭 喜 发 财 风 水 指 数 Your monthly guide to the Hang Seng Index How will you fare
And as for this being the Year of the Ox,
it’s more likely to be remembered as the Year of the Axe.
when markets were crashing faster than Niagara Falls,
that not only had investors given up on fundamentals,
they’d even come to despair of the arcane waverings of chartists.
It had reached the point,
where investors were pretty much only taking calls from their feng shui advisors.
to breathe the vital lifeforce back into our much-missed and disconcertingly popular CLSA Feng Shui Index,
which over the years has been the bane of sensible analysts and investors by correctly calling the market uncannily often on the basis of not much more than wind,
a bunch of fanciful farmyard animals and frequent recourse to spirits.
the divining duties of our venerated Wicked Witch of the East fall to Vonnie Chan,
ethereally assisted by her market-mystic brace of Wand-bearers,
what has 2009 got in store for us
? X shaping up as a Cow of a year,
the index shows there’s no cause for udder despair.
we’ll all have to plough hard for our pennies during this Year of the Brown Cow (‘brown’ because of the prevailing earth element and ‘cow’,
there’ll be some terrific money-making opportunities for the sage and the swift.
this guide is a great place to start.
Over the following pages,
we first explain the background to the index and how to read it,
then give you a month-by-month guide to the year ahead,
plus ready-reckoners for every birth sign of the Chinese zodiac (including forecasts for a few famous faces),
and tips on how to sort out your home and office to make sure the luck flows in.
we deliver specific predictions for the year ahead.
We hope you enjoy our feng shui guide,
bearing in mind as always that it’s offered with our tongues firmly in our cheeks.
All the best for 2009 .
© CLSA Asia-Pacific Markets
may the old Brown Cow be with you
WHAT’S THE STORY
? The CLSA Feng Shui Index started quietly enough as a Chinese New Year card to clients back in 1992,
It was little more than a distillation of forecasts from a number of Hong Kong’s more notable feng shui masters,
along with the views of our own consultant.
To flesh it out,
we plotted month-by-month forecasts for the Hang Seng,
according to whether the investment omens were good,
The result was a contrarian-looking chart that was easy to laugh off.
our Feng Shui Index was proving to be remarkably accurate.
it had managed to correctly call all seven major turning points of the Hang Seng
the index hasn’t always proved to be quite so prescient,
but it’s got things right often enough (probably far more often than it ought) to make hard-working analysts despair.
We adopt Li Chun,
as the traditional Spring start to the year (and the month of the Fire Tiger),
regardless of when the Chinese New Year is celebrated.
We use a fortune scale from +5 to
In technical terminology,
the year will open with a “pair of horns”,
which takes us through to about the end of May (watch your step that month).
Our indications are that the index will then bottom out into an “udder” running well into September,
before climbing gradually but determinedly into a “cow’s gambol” for a strong finish to the year.
we’ve marked the solstices and equinoxes as these indicate significant changes of fortune that are often accompanied by periods of volatility.
As well as the index itself,
this guide provides all manner of forecasts and advice to help you get the luck flowing in the right direction.
According to our prognostications,
this Year of the Brown Cow has got plenty going for it.
you should be able to milk it for all its worth.
- 4 MARCH
- 3 APRIL
Don’t be a bunny.
money there are at least four to watch
market volatility this month and an
is an animal of a very different stripe.
Smarties will be con-
This frisky fellow promises to put a bit
tent with what they’ve got for now.
of bite back in the market after the tur-
If you plan meticulously early in the
moil that marked the tail end of 2008’s
year and build positions methodically,
The Fire Tiger’s
golden glow may suggest a strategic
investment for those with a longer
ready to move quickly when opportu-
the year to re-energise yourself,
and earth may cause irritability and
for some potentially tough months
Eat slowly and
Watch your health
- and go
Focus on family and friends.
PREDICTIONS ALL THE THRILLS AND SPILLS .
Bleak is the new black in everything from finance to fashion during first six months Virus disables BlackBerries for 48 hours
children and partners throughout the developed world rejoice debt will be king
Equities will be the graveyard of broken dreams and
as speculators drive prices past 2008 records stirs up a frenzy
cynics challenge economic influence of mainstream green movement 6
-5 4 APRIL
- 4 MAY
- 4 JUNE
The return of the Dragon promises
wealth for the watchful and the fleet
pockets will be bitten hard this month.
Play it safe and consolidate.
tery tickets in bundles of eight.
ens broken bones and even blows to
true heart and a healthy body.
will be much sickness abroad this
brains may prove an irresistible blend.
steer clear of the water cooler:
gossips are sharpening their Dragon’s
solace and protection in water and
WHAT THE OLD BROWN COW OF 2009 HAS IN STORE X ship dominoes: more countries,
particularly in South and Central America and Eastern Europe adopt the rule of “one man,
money starts moving China and Hong Kong property stage
spoiling the party repatriates troops as isolationists thwart hawks November
Grain prices surge in October and
Gorgeous mainland Chinese beauty Z 7
ONE MONTH AT A TIME .
-5 5 JUNE
- 6 JULY
- 6 AUGUST
thrills in equities this month or next.
keep your money safe and in sight.
this Horse’s hooves thunder good luck
but these are dreary doldrum days.
As the Lone
just as this is not a year for
the conflict between the Sheep
and ruling Cow strengthens earth,
which can produce extraordinary
pects are promising for those open
alert and be open to opportunities
but be careful about the source
of your food and what’s got loose in the
the time to be pursuing objects of
Tummy bugs will leave many
They may turn out to be wolves
X marries gormless son of Hong Kong tycoon at Lantau Island’s Big Buddha
tionism replaces globalisation,
seriously impeding global economic recovery and hitting Hong Kong hard surge of favour crisis panies theories 8
Universities discard Adam Smith as socialism enjoys a new
Food-health scare hits Hong Kong and Guangdong,
ruining several listed comStunning archaeological find in Indonesia challenges human evolutionary Major earthquake in Northeast Pacific
Polar bears attack environmen- Z
CALF WAY THROUGH AUGUST WATER MONKEY
some spectacular feverish runs.
month holds great promise for those
try to keep money metal in the earth.
who have been carefully and cleverly
Romance waxes strong all this month
encourages consolidation and this
alcohol and rich foods: over-indulgence
at this time may have serious and rapid
ramifications for your health.
deeper into the second half of the year,
feel frisky as September opens,
events will occur that require sustained
your powder dry: the Chicken knows
displays of physical and mental prow-
best what will float your boat.
Don’t be caught napping.
WHAT THE OLD BROWN COW OF 2009 HAS IN STORE X talists
New respect for traditional values and
Massive landslides in southeast Guangdong
makes Madoff look like minnow of Mexico
World’s largest crystal found in China
This Dog’s bark is strong and hearty,
before you leap: some ladders have
market will strengthen and continue its
This has been a year for
with wood showing its solid influ-
still conflict and uncertainty,
more and more opportunities will
open for those who’ve put in the hard
tegically in all spheres: look left,
and even overhead and behind before
so don’t bite back at those who
many who will test your patience this
to help boost your energy levels.
The wooden Dog is a pack ani-
mal that likes rolling in the earth.
PREDICTIONS ALL THE THRILLS AND SPILLS .
China and Russia involved in dangerous gas flare-up
First signs of global healthcare investment bubble emerge at
Senior Singaporean politician publicly discusses sexuality
holder activist David Webb appointed to the Executive Council Taiwanese corruption scandal engulfs mainland Chinese figure tion rate collapses with change of regime spree reminiscent of the good old days 10
This Rat loves the water,
Winter will come on strong and hard as
we head once more towards Chinese
the Rat and Cow have a strong earth
pears into the swirling snows,
In a nutshell: the market will
eyes of 2010’s Metal Tiger burn bright.
The market won’t retreat
but the Brown Cow looks set to leave
yet ready to forge further ahead.
who have walked slowly and steadily
with the Cow throughout the year may
your gains and plan carefully for further
now sit contented by the fireside,
ahead recklessly have only themselves
to blame if their pockets are empty.
minute cancellations that may cost you
setbacks will turn to your advantage
look forward to an even more prosper-
WHAT THE OLD BROWN COW OF 2009 HAS IN STORE X Hong Kong threatened country
tribal designs and faux Chinese characters Silver goes for a gallop call-centre industry offers aid
civil disturbances reach record levels
Spanish accepted as
Somalian pirates launch Z 11
with winds of up to 115km/h killing tens of thousands of cattle and sheep
stuck inside silo in Oklahoma,
attracting national media attention
the first storedprogramme computer,
PREDICTIONS ALL THE THRILLS AND SPILLS .
X Bermuda-based shipping-insurance company and instead follows unemployment index
Tracker Fund drops Hang Seng
who moves to Satyam on the financial side
uses cash to fund aggressive bid for South China Morning Post in attempt to boost his media profile
across the border and construction slowdown
government takes full credit 12
with Rajendra Prasad as first president
THE OLD BROWN COW OF 2009 HAS IN STORE X of private bankers resurrect careers with new financial products: interestbearing deposit accounts and piggy banks with no keys UN declares World Sorry Day: celebrities apologise sincerely through their publicists
promise to shut up and stay at home
takeover bid for Confucianism theory
Cows revealed as primary cause of greenhouse gas.
Great Hong Kong typhoon kills an estimated 11,000 people.
San Francisco’s Golden Gate Bridge opens.
World’s first blood bank opens in Chicago.
DuPont patents nylon,
the first completely manmade fibre.
World’s first shopping carts appear in Oklahoma City supermarkets.
the first laboratory-made element.
Carl Crow publishes 400 Million Customers,
establishes the Peace Corps and the US Agency for International Development.
USSR tests a 58-megaton bomb
The Beatles perform for the first time at Liverpool’s Cavern Club.
Cosmonaut Yuri Gagarin becomes the first human in space.
Kennedy announces his goal of putting a man on the moon.
Portugal cedes its enclaves to India.
Military junta overthrows South Korea’s elected government.
resulting in famine that kills millions.
WHAT THEY’VE LEFT BEHIND 1973 WATER COW: MOUSE THAT ROARED US involvement in the Vietnam War ends.
Martial-arts marvel and actor Bruce Lee dies in Hong Kong.
Arab countries double the price of oil to US$3.07/bbl,
triggering a worldwide recession.
he announces: ‘I am not a crook.’ Banks begin installing automated teller machines.
the liner sank on its maiden voyage in 1912.
Tropical cyclone and storm surge kill 10,000 in Bangladesh.
An 8.1-magnitude earthquake kills at least 9,000 in Mexico City.
Coca Cola releases New Coke,
which is almost universally reviled.
Terrorists attack throughout Europe
hijackers seize aircraft and the ship Achille Lauro
an Air India 747 explodes in mid-air.
Texas Instruments becomes first multinational to set up Indian operations.
Live Aid concerts raise more than US$100m for Ethiopian famine relief.
US becomes a debtor nation for first time since 1914.
Saudi Arabia launches oil price war,
Scientists discover hole in the ozone layer over Antarctica.
WHAT’S IN IT FOR US
? RAT PEOPLE Chances are that last year was a stinker for Rats: under the Chinese zodiac,
we tend to have rotten years when our sign matches the cycle year.
particularly once Spring has sprung.
take stock and position yourself.
the problem is you probably don’t feel like putting in the hard yards.
as the koi said to the goldfish.
but you’re not going to make your fortune this year.
In the market,
you’re most likely to buy high and sell low.
Your business will go well,
if you focus on consolidation,
If you feel like taking a punt,
so your heart may skip a beat or two,
particularly towards the end of the year.
And maybe get out of the house more.
HEALTH You shouldn’t have any major health problems this year
exercise hard and get plenty of rest.
steer clear of sick friends and funerals.
YOUR YEAR AT A GLANCE Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Health Family Career Wealth Romance Good 16
having the same sign as the cycle year means you’re opposed to the presiding god.
It gets better.
but you’ve got to keep your spirits up.
And watch out for competitive colleagues.
Keep your head down and play it safe.
On the one hand,
there’s an unlucky broken star in your money field
you can make quick and easy money with the help of others.
sometimes you can think too much.
depending on who’s in the car with you.
and don’t let your lover stray too far.
If you’re a single Cow right now,