August/Oh Ghost! The month where everything seems to crumble. Stocks fall. Economies slow down. Businesses struggle. What is with this month anyway?
August/Oh Ghost! The month where everything seems to crumble. Stocks fall. Economies slow down. Businesses struggle. What is with this month anyway?
Why is there a ‘ghost month’ - The Manila Times OnlineThe Manila Times Online
Chinese believe they’re at risk of becoming victims of accidents and misfortunes during this time. Furthermore, they don’t stay outside late at night to avoid accidents.
In terms of business and money, Gan shared the some major beliefs.
They don’t buy houses, cars or spend on any big purchases. It’s also a no-no to sign business deals or open a new business during Ghost Month. They believe there’s a huge chance for bankruptcy or failed business during this period.
Transferring to a new office is also heavily discouraged.
They’re also not allowed to construct new buildings nor renovate their house.
“However, if it [construction/renovation] was already started before the Ghost Month, I think it’s fine to continue it,” Gan said.
Does every Chinese believe in Ghost Month? No.
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For this year, Ghost Month falls in August (the 14th) until September 12.
Yeah. You can kick a Chink in the groin, ransack their homes or steal their car, they won't press charges because it's "Ghost Month".
Let's go guys, let's go rob some Chinese.
To call it ghost month is to take it from a superstitious/cultural context. In reality it is called ghost month because the high net worth investors who bring liquidity to market are on vacation and will be back in September hence markets generally have low liquidity which means they range from close tops and bottoms.
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