The year of the Ox (Chinese Zodiac) starts 12th of Feb. As you know I’m bullish Chinese Stock markets. Will the Chinese account for massive cryptocurrency buying especially if the Chinese Stocks continue to go up?
I’m a Swede and do not know the Chinese culture other than from visiting Mainland China and Hong Kong as a tourist. This post is my attempt to study the Chinese Zodiak and its effect on the stock market.
The recent zodiac years of Ox sign are: 1961, 1973, 1985, 1997, 2009, 2021, 2033…An Ox year occurs every 12 years.
There are five elements of the Ox. This year will be the element of Metal!
Will the Chinese be bullish the markets and cryptocurrency in general? Will they become more bullish?
Chinas population is 1.4 B which is 14% of the world population. Its the only? major country where the interest rates are not negative at the moment.
So for the fun of it I marked the previous Ox years. The first one was negative but the following 3 were positive ranging from 20% to 57% up. I can’t really draw any conclusions.
The big questions is what will the Chinese do? How many follow the Zodiaks?
The above tweet seems to suggest high gains in Chinese markets? during Ox years. It doesn’t say what the data is based on.
I think its a little bit weird that everything seem to be aligning for a bullish year, perhaps forming a bubble in some markets. I guess if there is a bubble it will be bigger than the IT Bubble. More people investing, easier access, with small or no fees. Never in history has the tech been this advanced.
The year of the Metal Ox starts on Friday!