more foreign buying

A couple of months ago, Ron Nathan of the Inquirer noted that for as long as foreign buying is negative, we aren't really going to see a bull market.

Now the foreign buying might be back in the green. Even while the global markets were falling at record levels for a single day last tuesday, the PSEi shaved only a little over thirty points. On that day, we saw net foreign buying.

The PSE is among the top performing markets in Asia. Considering how troubled the U.S. markets are, we seem to have a really nice alternative back home and the world may finally be taking notice.