plenty of time to pick and choose

The market is a scary place to be investing in now. As a result, those that have the guts or smarts as well as the money to invest in stocks have a good amount of time to choose what to buy.

Because of the prevailing fear and uncertainty in the market, we cannot expect large sustained rallies quite yet.

Comments

Post a Comment

Popular posts from this blog

What's the big deal with call centers in the Philippines

As I imagine the point of view of a fresh College graduate in the Philippines, call centers do not exactly seem like a prestigious choice for work.  It's really about the salary.  Work is hard, hours are tough and it's hard to call it fulfilling.  But there are hordes of Filipinos signing up and taking home a lot more money than they could before.  Notably, Filipinos turn out to be really good at customer service thanks to our general politeness and fluency in the kind of English Americans use - something that matters since most clients are American.  It turns out there's a practical side to our obsession with American movies, television and music.  We can answer their phones.  While that's not glamorous, it's a humongous part of the Philippines' recent economic renaissance. I'm all for a common sense approach so this may seem like a simplistic analysis. With more than just a mob of young Filipinos getting what is arguably excellent pay for local sta...
Read more

-37.93 for the PSEi isn't bad

I was surprised to see that the PSEi fell only 37.93 points today. Wall street plus major asian markets were reacting by making record drops in response to the the failure of the U.S. Congress to pass the law enabling the bailout. I'm of the opinion that Philippine companies are sufficiently decoupled from America from a fundamental standpoint. Yet, our market reacts to the U.S. market and often tracks its movement absent any major local event. Could this mean that buying behavior in the Philippine market is now less influenced by the U.S. market? I'm more willing to speculate that local stocks are just way oversold and really "cheap" compared to their true value. If I had the money to spare, I'd be buying Philippine stocks left and right.
Read more

another day in the green but with low trade volume

Today's close (May 20, 2008) was in the green with the PSEi at 2896.15, +18.69 from yesterday. Value turnover was unexciting at Php2.4B. Surprise for those expecting correction While 18.69 points is not a large increase, it comes as a surprise to me. This week's outlook was for more correction. With inflation taking the limelight, that prediction seemed sound. On top of that, we just saw a rally of about eight days. What comes up, must come down. Surprise, surprise... Yesterday's drop of only 2.49 points to 2,877.46 was also rather pleasant as it was quite negligible for the composite index at only -.1% Less worrisome numbers With the market making gains, even though rather weak for my taste, I'm getting more positive about where this market may be going. My gut feel is that it's getting ready to push up hard and fast.
Read more