The year 2007 is the 4704th Chinese Year which took place on February 18. According to soothsayers, the first half of 2007 will be a strong one for economies and stock markets around the world. Look for booming valuations in equities, metals, and commodities. However, since markets are forward looking mechanisms and 2008 (Year of the Rat) doesn't look too hot, a downdraft is expected in the latter half of 2007. Despite the current correction in the housing market in the USA, soothsayers seem to expect a contrarian rebound this spring before a long plummet going into 2009.
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Monday, February 19, 2007
Lunar New Year - The Red Fire Pig
The year 2007 is the 4704th Chinese Year which took place on February 18. According to soothsayers, the first half of 2007 will be a strong one for economies and stock markets around the world. Look for booming valuations in equities, metals, and commodities. However, since markets are forward looking mechanisms and 2008 (Year of the Rat) doesn't look too hot, a downdraft is expected in the latter half of 2007. Despite the current correction in the housing market in the USA, soothsayers seem to expect a contrarian rebound this spring before a long plummet going into 2009.
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