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.
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