"This will not be a good year but it will be more stable than 2008 and there will be occasional substantial bear rallies. Inflation is declining and another interest rate cut by the central bank is expected. " -Ron Nathan inquirer's "bearbull"

U.S. indeces take a tiny drop while Japan takes a beating

While U.S. market indeces took a few steps down, Japan's market dropped a whopping 4.8%.

The PSEi inched down and settled a mere 1.79 points from yesterday's close after ever so briefly punching past the psychological 2000 level at around eleven this morning. 

The dow was down 1.46%, the nasdaq by 2.09%, the s&p by 2.26%.