It's time....

Bearish over for China and HK market? I would think so...For US market, as we head towards the end of 2007 with Christmas and New Year mood kicking in, I believe consumer spending will continue despite the credit crunch.

Plans to implement fixed interest rates for subprime mortgages in its way and chances of this being approved and roll out is very high... to me it's a win-win situation for both the lenders and the borrowers. However, the plan is to address the possible lawsuits from investors in bonds backed by the subprime mortgages...the longer these rates are suppress, the these bonds will have higher risks...

HK market on the other hand will get its long waited approval on allowing mainland Chinese investors to invest directly in HK equity markets. I'm optimistic that this will happen before New Year comes...HK market has gone through a reasonable correction and now it's set to make a come back... chart wise, fundamental and economic aspect all points to at least 34k for HSI by Q2 next year... so buy when others fear and sell when the rest of the world buy...