10 January 2012

PSEi 4,561.08. A new all-time high.

Congratulations are in order for those who braved the rough trading to reach this point. Good job!

Chinese investing everywhere ahead of the Year of the Dragon? Money fleeing Europe for the safer confines of Asian markets? Money managers finally reinvesting in local equities? Who cares what’s causing the market bullishness exactly!

Major European and American stock indices are solidly in the green at the moment. I would no longer be surprised if world markets shrug off any news from the upcoming refinancing by weaker European nations.

Right now, it’s almost a world-wide bull market. Great market sentiment. 🙂

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