Friday, November 24, 2006

this week in review

gold is steadily climbing up..... are you thinking what im thinking??? i really believe that the american economy is going to overheat soon :) spyfrat agrees with me and this is also the observation of dr marc faber :) im reading his book right now :) just give it a few years it will overheat or go into a recession. its just my opinion i might be wrong knows or i might be right also. anything can happen in this business. :) i have told some of my friends about my blog i hope that i would be able to encourage them to get into the stock market. ive wanted to gather funds from my friends and then manage it and let it grow. just like the way the great warren buffett started.but its really hard to convince people to get into the stock market cause everytime you tell them they ask about market crashes and all the risks being in the stock market and losing money etc etc. i guess mr faber was right, its all a cycle the economy will go up and what goes up must come down and then the money that the people put in the market will go somewhere else and then create another boom. just like in science energy is never lost it is only transformed into to something else. :) between emerging markets vs the us right now i think the former will win.
it would seem to me that the philippine stock market is going thru a correction right now but you always have to remember to look at the bigger picture :) i really believe that the market is still undervalued and still has a lot of upside. december is usually a month where the market goes up so lets wait and see. as warren buffett said "the ticker is just there as reference if someone is selling something at a foolish price."
Congrats manny pacquiao! everybody should aspire to be like you and how you climbed the ladder of success with hardwork and determination. :) mabuhay ka manny!!!! :)

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