I read from CNN that the crisis that we are having today is chillingly close to 1929 economic crash. There are so many similarities.
Continuous financial and economic shocks causes the market to nose dive. Fortunately there are some good indicators that help uplift the bloodied market. Good US job numbers and company profits put positive tone to PSE. Almost all of the stocks that I put on my watch list are green and smiling. This make me think, are we going to experience double-dip recession? The index today says no.
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I am on the watch mode today. I am planning to sell two of my holdings to transfer the fund to BEL :-). I will be holding this stock until next year (remember casino?). I think the price now is a good entry point.
As I am checking BEL, I found out that it has also some interests in APC which did not have a good quarter and LOTO (I am still verifying this).
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Warren Buffet is buying - why fear?
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