WHAT’S THE L.A. LAKERS GOTTA DO WITH THE MARKET? by Gus Cosio

9:55 am  Monday  21 June 2010   Philippine Stock Exchange Index  3355.04 The S&P 500 index closed a touch lower on profit taking on Friday while the  DJIA edged higher.  The mixed close looks constructive to me because it hints of consolidation of the broader market while evidence of strength is building among the headline stocks.  Technical analysts think that stage... Read More

SPURTS AND OUTLIERS by Gus Cosio

11:45am  Friday 11 June 2010  Philippine Stock Exchange Index  3253.78 What I am seeing is a market that wants to move higher but gets fidgety whenever external factors, notably Europe and the U.S., show their ugly economies.  Actually, I am not convinced that it is all that bad after seeing the huge rise in China trade figures announced yesterday.  China’s... Read More

PATIENCE FOR LUNCH by Gus Cosio

6:45 pm  Wednesday  9 June 2010   Philippine Stock Exchange  3254.83  (-0.593%) The market came down by 19 points today in spite of an improvement in Wall Street.  The past two days, the local market was up in spite of huge declines in New York.  Are we decoupling from the major markets?  For one thing, our market, while strongly influenced by... Read More