ECONOMIC OUTLOOK AND ICE CREAM by Gus Cosio

6:40pm   Tuesday  17 August 2010    Philippine Stock Exchange Index  3502.25 (+0.65%) Earlier today on Bloomberg Television, Mark Mobius, the Singapore-based executive chairman of Templeton Asset Management Ltd.’s emerging markets group, said that he thought the global economic recovery is well in place and may accelerate as growth in developing nations counters a slowing pickup in Japan and the U.S.  He... Read More

PESO-COST AVERAGING by Gus Cosio

7:05 pm  Monday  16 August 2010  Philippine Stock exchange Index  3479.67 (+0.29%) Last week, the BSP published loan growth data which showing its fastest pace in June at 9.6%YoY. Loan growth in May was 8.1%YoY marking some acceleration in the pace of loan production.  Some analysts were nurturing a bullish view on bank earnings and the data supports favoring the... Read More

I SECOND THAT EMOTION by Gus Cosio

7:00 pm  Sunday  115 August 2010   Philippine Stock Exchange Index 3469.52 (Friday close) Weak economic data and a gloomy Federal Reserve statement sent the DJIA falling by 3.3% this week on fears that the flagging economic recovery could turn into a double-dip recession.  As usual, markets across the globe put on a similar bearish sentiment.  The low volume of trading... Read More

FEAR IS GOOD! by Gus Cosio

9:25  Thursday  12 August 2010   Philippine Stock Exchange Index  3522.72 (yesterday’s close) The U.S.market took a terrible beating overnight sparked by a larger-than-anticipated trade gap of $49.9 billion in June.  Usually, when the U.S. trade deficit widens, it is because consumers are spending a lot.  The dilemma arises when consumers are not spending, yet the drag on production intensifies due... Read More