hurray for some green lights :)

Although total trades were valued at only around Php2.5B, I'm glad to see the overall performance of the PSEi to be in the green. (PSEi +19.21 on April 24, 2008 @ 2,844.02)

The question on everybody's minds must be: Is the market bottoming out?

Technical Analysis probably won't give a definite answer at this point in time. However, my gut feel says the bottoming out is starting. Why? Well, first, the main mover of global markets is still the U.S. stock market. Second, there seems to be a growing concensus that the worst is over for U.S. lending giants. Third, one of the greatest drivers of investor anxiety were the large losses of American Banks. If its over, there will be sighs of relief all around.

While that isn't really air tight logic, neither is the logic of most investors. Given that, most market movement is based on similar thinking. Now, to see if I can scrounge around for more cash and bet on this bottom. :)

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