Real Estate Analysis: A
Marriage between Macro and Micro – Wish I
were a stock analyst?!
From SCMP Monitor Column Oct 5, 2008: Quoting a quote from a big name stock brokerage
analyst:
Paradigm shift!
Liquidity to drive HONG KONG to new highs for the foreseeable future. Expects QDII [qualified domestic institutional investor] funds to accelerate into Hong Kong - lifting our daily turnover from a happy US$14b ->US$16b in July & August, and to US$20b currently. It doesn't end here.
What to expect:
MY 4th QUARTER CALL:
Hong Kong to tack on 15% a month into year-end. It's a bull market, get involved!
HOW TO PLAY IT:
First, forget about fundamentals, or RSI [relative strength indices] ...
Next, think like a Chinese portfolio manager. Use dips to add.
Liquidity to drive HONG KONG to new highs for the foreseeable future. Expects QDII [qualified domestic institutional investor] funds to accelerate into Hong Kong - lifting our daily turnover from a happy US$14b ->US$16b in July & August, and to US$20b currently. It doesn't end here.
What to expect:
MY 4th QUARTER CALL:
Hong Kong to tack on 15% a month into year-end. It's a bull market, get involved!
HOW TO PLAY IT:
First, forget about fundamentals, or RSI [relative strength indices] ...
Next, think like a Chinese portfolio manager. Use dips to add.
Pull
the trigger despite stocks trading at all-time highs.