Tuesday, August 10, 2010

August is a bumpy month for stocks?

According to the CLSA Feng Shui Index for stocks, 10 August to 7 Sep will be bumpy for stocks. This is becuase this is the month of the Metal Monkey and "Springers (Tigers) and swingers (Monkeys) make for strained bedfellows,and we’ll all do well to watch our health, wealth and happiness during these next few weeks. Expect volatility in all spheres. That said, when the going gets tough, the bargain-hunters go shopping, and this month’s market jitters should see some value propositions carelessly cast aside."

How accurate is the almanac?
In Feb, it predicted good month, but stocks went down. 0-1
In Mar, it predicted bumpy month, but stocks went up. 0-2
In Apr, it predicted bumpy month, stocks peaked. 0-3
In May, it predicted bumpy month, stocks went down. 1-3
In Jun, it predicted great month, stocks went up. 2-3
In Jul, it predicted good month, stocks went down then up. 2-3
In Aug, it is predicting bumpy month. What next?

No comments:

Post a Comment