Where is the investment clock/cycle now?
China/HK -- 5-7 o'clock
US -- 2-3 o'clock
Singapore -- 10-11 o'clock
Balancing and Prediction
Nobody knows where the market is going next. On hindsight, everyhing is obvious. But when you look ahead, everything is foggy.
Regular balancing between different asset is the counter to market unpredictability / market risks. Balancing is also the counter to cyclical behaviour i.e. the tendency to buy stocks at higher prices during bull market and the tendancy to sell stocks during bear markets.
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