apetitite for stocks still low but bargain hunters are active

The numbers say it all. The world's appetite for equities remains low. The Philippines is no exception.

When the PSEi dropped to around the 1600 level, it didn't stay there long. That looks to me like a lot of active bargain hunters trying to cash in on a level that is quite obviously highly oversold.

With the world's appetite for stocks at very low levels, the opportunity for bargains is tremendous.

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