Time to fill your boots as BNP delivers the good news
BNP Paribas has been making a name for itself calling the market over the past few years.
The French brokerage was the first to be a party pooper by saying the Hang Seng Index would go below 20,000 when it was flirting around the 30,000 mark two years ago.
The index actually dipped below 11,000 after the global financial meltdown.
Then BNP was among the first to predict a turnaround just as the market bottomed out on October 27, 2008.
Now it is looking for three in a row by getting bullish on Chinese equities for the next five years.
The reasoning is simple. Chinese equities did not come to the market until early 1990 so now they are coming to the end of their wild teenage period and entering their adulthood when they are expected to reach their prime between 2010 and 2020.
