I watched the inauguration of the elected US president this morning (1AM). It's amazing to see so many people around the world went to capital to take part in this historic moment in American presidency. Obama comes from the minority group (African American) and rise to where he is now through hardwork and some luck. He graduated in Harvard as magna cum laude. He is intelligent, smart and charismatic politician.
Former presidents also attended the event. These presidents, although have differences with each other, went to the event as american. You can see them as they approach each other like friends (you don't see that here in our country).
The inaugural speech, though full of promises, did not affect the plunging market. Investor still in "watch and see" attitude. Stock market still in dismal trading, banking sector in Europe is in shamble (especially, UK banks), bailout funds are not working (yet) as bank still not lending money. Most businesses hopes that Obama will continue pushing federal money to the market (buying bad loans, infusing capital to ailing businesses, etc). Most of them think that this what Obama would do as he has no choice but to "bite the nail".
I've checked PSE as I wanted to buy some MEG stocks. As of today, PSEi dipped a few points. I tried to buy share at around 0.62/share but unfortunately, the price stayed at 0.63/share. Maybe I will try again tomorrow.
Tuesday, January 20, 2009
Saturday, January 10, 2009
www.mytextmates.com
I put up a new site which have the services below:
1. Phone number database for SIM backup. All you need to do is signup and login. The website has screen which you can use to enter phone numbers once you already logged in.
2. Text mates corner where people can post messages and their mobile numbers. You don't need to login to post message. So, for those seeking new friend, you may visit the site.
Thank you,
http://www.mytextmates.com/
Philippines
Monday, January 5, 2009
Middle East Conflict
I am new in stock market. I read that there are some events that affect stock prices. Is the current conflict will affect the stock market?
According to one site I visited, oil now priced at 47 USD per barrel due to the middle east conflict and Russia tightening its oil production.
Would this conflict affect Philippine stock market prices? I don't know, but let us pray that the conflict end and local market will not be affected.
As of today, stock index is up by 5.4% due to bargain hunting. Blue chips are down of about 48% which I think is a good investment if you are going long.
How long would the crisis last? Financial managers predict until 3rd quarter of this year others think that it would be a long financial crisis especially that the congress think that the 700 billion bailout is not working (so far). Retrenchment of employees are continuous which would definitely affect the consumer spending.
Here in the Philippines, life goes on. People felt the whipped of the financial crisis but we always survive. Let us just tightened our belt a little more.
---
http://www.mytextmates.com/
According to one site I visited, oil now priced at 47 USD per barrel due to the middle east conflict and Russia tightening its oil production.
Would this conflict affect Philippine stock market prices? I don't know, but let us pray that the conflict end and local market will not be affected.
As of today, stock index is up by 5.4% due to bargain hunting. Blue chips are down of about 48% which I think is a good investment if you are going long.
How long would the crisis last? Financial managers predict until 3rd quarter of this year others think that it would be a long financial crisis especially that the congress think that the 700 billion bailout is not working (so far). Retrenchment of employees are continuous which would definitely affect the consumer spending.
Here in the Philippines, life goes on. People felt the whipped of the financial crisis but we always survive. Let us just tightened our belt a little more.
---
http://www.mytextmates.com/
Subscribe to:
Posts (Atom)