The past few months have been great for the PSEi. From 1745, the index climbed all the way to 2626 in the last three months.
That can make a lot of people excited. Not me though.
The obvious conclusion is that gains like that are NOT sustainable. I don't have to whip out my calculator and formula book to figure that out. This index cannot keep this pace up. As we haven't seen much of a correction yet, I think its coming. Soon.
Time to sell. Time to hold. Not a time to buy.
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