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Sometimes the points on the clock can overlap, they don't necessarily have clear points of stop/start. So for instance we could in this cycle be seeing an overlap of 12, 1 and 2 where the rising property prices are ending, rates are on the way up, and share prices are declining or have...

Most of us will have seen the so-called "investment clock" which supposedly gives an indication of investment cycles. An example is given at http://www.huntleys.com.au/specialrep/investing_guide.asp?tab=reports#ic It seems to me we are at about 1:00 o'clock, with interest rates on the way up...