Jul 21, 2009

Solar Eclipse vs share market

Tomorrow people in China, India and Japan will have the opportunity to experience full solar eclipse at 9.38am morning. The whole incident will just occur in 6 minutes.

Chinese belief that solar eclipse is not a good sign. In ancient, they proclaim this as the "heaven's dog ate the Sun" and the gods are in anger. In Feng Shui, the "Yang" is symbolic as energy to everything living in the earth. During this short period of interruption, energy will lost and turn into sudden "Yin". Something bad or evil will happen during the eclipse or after the eclispe.

So, i do feel comfortable for tomorrow share market as well. (I'm quite superstitous too :P)
I do not think that tomorrow market, especially Asia market will perform in green. From superstitious point of view - market will turn direction and wind course will change (hope is momentary). From analysis point of view, the bull has rally a few days, running bull will get tired and it need rest too. (What an excuse!)

China government just announce that those who buy more then 2 properties will be taxed. This news came after the market close. Will you think tomorrow property index will go up as this news came out after the market close? Regardless if US market still close in green, China Shang Hai index have been showing some fatigue sign lately and China government tax on property will further sunken the share market.

A lot of Singapore property companies do invest in China. Directly or indirectly, they'll be some impact to them. So lets watch tomorrow.


P.S. Statements all above are just base on my own perspective. I might not be right. Do not take any losses account on and I shall not take any responsibility on that too. You know, I ain't no god :P

Feed