May be I shouldn't use the old title but if you recall, in January 08 I saw in my crystal ball that the Hang Seng Index must fall 10% more. I was looking at a drop of more than 10% from the HSI level in Aug 2007. Well, that would go down below the level of 19,800 pts and this is exacting what is happening today right now!
What a titantic struggle the crocodiles have made in the Hong Kong Stock Casino! They are clearly completely exhausted. Without preys, without food, without water, without fuel, without gold, without Euro, without USD,...what is left? Nothing, my dear guys. The fact that they managed to waver in the pool for 8 more months is already a miracle and this is the great work of the Fed and of course the devaluation of the US dollar together with the HK dollar!
One party is over but another party has already begun. Cheers!
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