preparing to rally? -a bit of correction -33.87 points for the PSEi (May 22, 08)

The calamities in China and Myanmar/Burma make my disappointments over our stock market seem so insignificant. The death toll in China has surpassed 55,000 according to CNN. So sad.


We've seen a second day of correction. The prevailing opinion from a perusal of our major dailies and websites are that we're tracking losses in Wall Street.

CNBC notes that "More rate cuts are still possible but unlikely"

Though the market dropped over thirty points, the value turnover was not enough to cause me much worry as it was only around Php2.14B. I'm still sticking to my gut feel that this market is getting ready to push up hard and fast.

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