Monday, May 5, 2008

why didn't we follow wall street?

The consensus seemed to be that Wall Street was dragging the world down by spreading fear, the Philippines included. But with Wall Street climbing up, what we expected for the Philippine Stock Exchange Index did not happen.

The PSEi didn't rally. Are the prospects for the Philippine Economy really low? While the trend of the market seems to be going down, are our fundamentals really weak? Or are the bargains just getting better?

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