Worst over but 2002
Worst over but 2002 won't be all sweetness for HK.
excerpt：21 December 2001 Reuters News English (c) 2001 Reuters Limited
HONG KONG, Dec 21 (Reuters) - Can't wait to bid good riddance to a horrid 2001?
Well, don't pop the champagne too soon.
Citing the unfavourable sequence of stars and awkward birth of the Lunar year of the horse on February 12, fengshui masters say there is little to celebrate about the coming year ........................
Hong Kong's benchmark Hang Seng Index has fallen about 26 percent since the start of 2001.
Citing the Chinese oracle I Ching, or perhaps in hindsight, geomancer Ma Lai Wah described 2001 as a year when you fiddled with a scab only to see blood spurting out.
"The blood will clot in 2002 but recovery will be very slow as the injury, inflicted since 1997, has been very deep," Ma said. "2002 will be full of hardship but the worst is over."
The I Ching, believed to be 5,000 years old, is the ancient Chinese "Book of Changes" that describes change in 64 hexagrams, each consisting of six solid or broken lines.
Ma says after the turmoil of the late 1990s, the time between 2001 and 2003 will see consolidation, and Lai warned there could be no marked improvement until 2006.
Market punters will have to beware in the coming year.
Hong Kong can expect little relief from its unemployment problem, the biggest headache for the tiny territory. Joblessness is now at a near two-year high of 5.8 percent.