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The Hang Seng Index in Hong Kong today was up 500 points with local
brokers reporting that foreign money is pouring into the market.
Perhaps we have the first inkling of where capital funds flows are going
next and what the big hedge funds are up to this year. Last year it was
long the DAX and short the SNPs, this year perhaps long Asia and short
US?
More than that, the behaviour pattern seems to be to buy anything
tech-related, even ridiculous little start-ups, which locals have never
done before. Watch for the next bubble here!
Regards
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