Nice Post as usual, Julius.
Ms. Wong knows her history as well. After 1987, Hang Seng rose
to 12,500. Then down. Then to recent high of @ 16,000, then down.
A next leg up to 21,000-22,500 would be typical of the two previous
"crashes" I have personally experienced in the HK market.
Maybe it is just me, Julius, but I do not understand how anyone
who invests in the HK market cannot understand how unique it is.
I mean this positively...what does HK have? Oil? Natural resources,
such as gold, platinum, strategic minerals? Nope. None of these.
Yet, the HK market has been a top performer for the 12 years I've
been following it. HK has smart, industrious people, IMO.
Couple that with the physics fact that "nature hates a vaccum."
China has a need for materials and services (the vaccum). HK is the funnel through which the "air" passes to fill that vaccum.
That isn't real scientific, nor does it require a lot of high paid
analysts to figure it out. But, it has worked just fine for me.
Best Regards,
Doug |
