The Olympic MARKET Record! (So China will...)

So the rumour mill is working overtime in HK/China and pumping up the market with talk of various Government led schemes (like new short selling restrictions, bailouts of sponsored entities and... wait... oh, that's the other one) to ramp up the stock-markets post-Olympics, which, as we all know, is traditionally a time of economic and market misery after a helluva party in the lead up. Or is it?!

Turns out that that little snippet of conventional wisdom (at least for the equity markets) maybe ain't quite so wise after all.

The record is actually, based on Jan to end June and July to end December performance, surprisingly even, over the past 8 Summer Olympiads (ex-Moscow) at three apiece between Going-from-Up-to-Up and Going-from-Up-to-Down.

So there! (Actual numbers visible if you click below, showing China traded A-shares as well as HK traded H-shares, plus the HSI for good measure. And just in case you're wondering, nobody gives a sh1t about B-shares anymore.)

But then again, none of the other home markets were down 48% in the first half year of their Summer Olympics, either, so perhaps China will try and manipulate the markets and "do an LA'84" which saw markets off 7% in the first half before closing out the year almost flat with a 9% Carl and Mary Lou inspired 2H burst.

(Not that I'm implying that anybody in power in the US would ever look to manipulate the markets in the cradle of free market capitalism, no no no. No. No!)

.
..
Stumble It!
::