the verdict is in: -66.68 by the PSEi

World markets moved down today. The PSEi was no exception. The Philippine market index closed at 2499.53. It appears that the actual implementation of the U.S. bailout was not as impressive as when it was still a plan being hatched.

On the bright side, Oil fell below $92. That should be good for our inflation. I hope our pump prices go down to the low forties very soon.

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