Mixed headlines from inquirer.net
"Top Stories
Higher food prices push up inflation
Gov’t eyes energy VAT rebate coupons
Arroyo orders implementation of power ‘open access’
Old ideas given new push at energy summit
Capital investments up 9.3% in ’07
Good weather seen boosting rice, corn production in Q1
NFA to issue P8B worth of bonds
Globe Telecom eyes local borrowing for capex
PAL earmarks P3.5B for wide-body fleet renovation
Wellex to develop 3,700-ha mine site in Surigao"
I doubt that there's enough happiness in there to translate into any big gains in our market today. In light of the drop in U.S. indices, today's trading is looking to be rather glim. I hope I'm wrong about this, but the pre-opening bids I looked at showed lower offers than bids! It looks like a big tumble is coming.
CNBC retorts that there's no super tuesday for stocks.
U.S. indices:
DJIA -370.03 (-2.93%)
Nasdaq -73.28 (-3.08%)
S&P500 -44.18 (-3.20%)
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