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"One might expect the Year of the Dragon, which kicks off next week, to be a lucky time for investments. But that’s not necessarily the case, according to this year’s edition of the Feng Shui Index released by Hong Kong-based brokerage firm CLSA.
The index, which applies traditional Chinese astrology to market forecasting, predicts a volatile year (pdf). Though the Year of the Dragon is traditionally considered auspicious, there are likely to be countervailing forces at work, CLSA says. The reason: This particular dragon year is associated with water, which is far less lucky for investing than other elements like fire and metal."
