1 December 2011

PSEi 4,290.59. +79.55 points. + 1.89%.

Not bad.

I cut ICT and SCC today, leaving 9 active bets in the market. Today’s spike probably bought most of those a reprieve, but I’m checking the charts later to make sure.

Take note, the coordinated action of central banks does not solve the fundamental problems of Europe’s currency union, it only buys more time for a functional agreement to be hammered out. I personally doubt the latter will happen in time to avert a European financial meltdown. The 2-year trend has been that of moral suasion, lack of agreement, a lot of delays and constant underestimation of what it takes to eradicate the problem.

I think world markets are in for a monumental, catastrophic disaster of epic proportions. It should happen next year, but I wouldn’t be surprised if something economically horrific happens this month. Be on your toes!

Advertisements
This entry was posted in Philippine Stock Market and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s