Its almost lunch time and im really hungry already im here at home assisting and watching peter and sofie taking pictures of jewelry because this will be needed for a new line which is being requested by sm. I think one day will not be enough! Phew! :) thats how powerful sm is... they say one thing and all of its tenants and consignors follow. Thats how powerful the sm brand is. :) but anyway there's a topic that popped into my mind and i should really write about with the meteoric rise in the philippine stock market! :) im going to cite some reaons why the market will continue trending up! But of course i cannot speculate at what point the market will peak. :) but i do know that it will continue going up believe you me! :) hehehe so here are some of the reasons:
t-bills are at a record low! Only at 2.88% which means that fundies would be forced to get their money out of t-bills and put it in other instruments that would yield a higher return! And now that stocks are really hot right now and it could give fund managers a higher return!!! :) so meaning funds will now shift from interest bearing instruments to equities!
Since last year there has now been strong foreign interest in our market and foreign buying will really be a big boost to the volume in our market. I also see that the american economy and stock market will experience a downturn before 2010 which mean that funds will shift from the us to asia and i know that the philippines will be one of the beneficiaries in the shift of funds in the world market.
We have a stronger peso as of the moment and that would mean that we would have better financial positions for our philippine companies because most of them have US dollar loans which would mean less liabilities for companies. :)
the emergence of asia and of china. A stronger asia would mean more money going in the area and of course the philippines will surely get a slice out of the pie. :)
when election comes maybe the stock market will surely take a blow but as they say you cannot keep a good man down! :) let us put in mind the gma will still be our president after the elections and other world leaders respect and would want gma to be the one to lead our country. :) if erap would be our president maybe i myself would sell all my holdings in the stock market and migrate to some other country! Hehehehe
with a few of the reasons that i have mentioned i hope you wont be scared or fear that the stock market will collapse any time soon. :) we are still in good hands. Remember that patience is the key to success in the stock market! :) just be patient there are still bargains to be found in the market. Good luck and god bless! :)