Felix Zulauf (CEO, Zulauf Asset Management) has viewed the Chinese banking system as about to implode. If this happens, there could be a bamking crisis in Hong Kong. He expects 2014 to be the year of the demise of the Chinese banking system. Hence, shorting the Hang Seng stock market is recommended.
Technically, Hang Seng has just broken below its 200-Day MA, confirming its downtrend. However, I am not shorting yet. Will wait for it to tick slightly higher.
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