Fish HSI

Thursday, May 6, 2010

Football and Bear

Someone asked me why the stock market fell down rapidly recently. The answer is simple, i.e. World Cup.

Yeae - Hang Seng Index
2002: 11000 -> 9000
2006: 17000 -> 15000
2010: 22000 -> ??

What is the relation? Fund managers who wave up the market take a rest to watch the matches instead of the stock market. Why not? we are champions...

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