WHETHER YOU’RE RIGHT OR WRONG
10:10 am Tuesday 26 January 2010 Philippine Stock Exchange Index 2990.86 (+0.77%) mid-session
Is this the beginning of the end? Today, all markets in the Asia-Pacific are down – from Tokyo to Bombay and from Shanghai to Sydney. The MSCI Asia-Pacific index has been on a six-day decline initially because of monetary tightening in China and now exacerbated by fears of the Obama plan to limit risk taking by banks. Essentially, what traders are anticipating is a massive sell-down of equity portfolios held by banks should the Obama bank regulation initiative become law. Read more
HINDISGHT IS NEVER FORESIGHT
10:45 Wednesday 13 January 2010 Philippine Stock Exchange Index 3088.03 ( the market moved down 17 points from the open)
The market movements over the last few trading days tells me that the January effect is well underway on Philippine stocks. My bellweather stock is TEL which has not looked back since the year started. TEL had underperformed the market in the second half of 2009 because of M&A activity in MER, MPI, PLTL and PX. This was due to the involvement of PLDT head honcho Manny Pangilinan in all this activity. Read more
PROSPERITY, PROPRIETY, PROFIT
First of all, I’d like to wish everyone who visits this site a happy and prosperous new year. I hope that you do not equate happiness and prosperity purely with money. I always believed that those that become very successful in money matters are those who are not afraid to lose it. I am not talking about compulsive gamblers because they eventually end up as the most desperate and destitute of people. I refer to people who are willing to take calculated risk with their capital. Read more
