cheers to the Philippines

After having a relatively uneventful and peaceful election, with a clear Presidential front runner, the Philippines has yet another thing to be very happy with.

7.3% GDP growth in 1Q2010.

Pretty cool. It was enough to bring a tiny rally even as the market was weak early yesterday.

Comments

Post a Comment

Popular posts from this blog

resistance shmesistance

Every analyst seems to have his own "resistance" and "support" levels. I don't bother making my own. After all, this is just my hobby and I like to position long. What I do is I just ride off of other people's analysis. There are many people out there who love crunching the numbers and don't mind publishing their thoughts. My favorite is still tsupitero.com. He's usually spot on. The inquirer quoted citisec saying that resistance is at 2630 and that we're looking to see consolidation this week. Tsupitero placed his resistance at 2600. The market closed today at 2599.99. How ironic.
Read more

hollywoodish headlines eclipse trading; foreign interest in RP stocks wanes -businessworld

Hollywood-ish news News of what happened to the Senate's witness on the NBN deal is dominating the clicks on inquirer.net . The Inquirer's front page told of a story that I think belongs in fiction. Lozada was intercepted at the airport even before he made it through the tube, taken by men and made to sign documents saying it wasn't an abduction. His hearing started around 10am today, and I've been following along through inquirer.net's running account . Another sluggish trading day The total trade value today was slightly less than yesterday, being just below the Php1.2 billion mark. Modest gains left the market at around 3241, up by about 17 points from yesterday. Waning interestin RP stocks Business world's headline for today says that: "Interest in RP stocks wanes" . The article highlighted some important statistics. "THE STOCK MARKET got off to a shaky start this year, with net foreign selling hitting a record P11.59 billion as foreign invest...
Read more

infamy: the worlds largest trade losses and the losers

While the world loves to watch how great traders continue to amass fortunes, let's take a look at those found their place in infamy by losing fortunes in trading. The latest to join the list of infamy is a frenchman named Jerome Kerviel . He has been charged in the January 2008 Société Générale trading loss incident, resulting in losses valued at approximately €4.9 billion. ($7.5B) Others: 1. Nick Leeson: Barings PLC, Britain's oldest investment banking firm, collapsed after one of its Singapore-based securities traders (Nick Leeson) lost more than $1.4 billion by gambling on Tokyo stock prices; http://www.kipnotes.com/Scandal.htm 2. Yasuo Hamanaka : a Japanese national caused a loss of about $2.6 billion , over ten years, in unauthorized copper trading on the London Metal Exchange (wikipedia) 3. John Meriwether an american, lost $4.6 billion trading interest rate and equity derivatives in 1998. He was working for Long Term Capital Management. (wikipedia) 4. Brian Hunter : ...
Read more