a beautiful picture in hindsight

The past few months have been great for the PSEi. From 1745, the index climbed all the way to 2626 in the last three months.

That can make a lot of people excited. Not me though.

The obvious conclusion is that gains like that are NOT sustainable. I don't have to whip out my calculator and formula book to figure that out. This index cannot keep this pace up. As we haven't seen much of a correction yet, I think its coming. Soon.

Time to sell. Time to hold. Not a time to buy.

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