OUR SMALL CORNER OF THE WORLD by Gus Cosio

6:45 pm  Monday 21 June 2010 Philippine Stock Exchange Index  3357.88  (+0.67%) The news that hugged the international financial headlines today was China’s decision to allow greater flexibility in the renminbi.  This caught many by surprise and the initial reaction  in equity markets is likely to be positive.  Beijing sees this as a re-balancing of the global economy, and it... Read More

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