Is the PHP on some kind of bubble?

**tidus1203** · September 11th, 2010 12:39 PM

Ewan ko lang parang nabibilisan ako sa akyat ng PHP against the USD. Stock prices are at an all time high and the currency is benifitting from it... Is the Peso in a bubble? Or talagang wala ng mapuntahan mga global investors who are hungry for yields? But then again there is many other countries like Iceland and Denmark who give even higher yields...

**uls** · September 11th, 2010 12:51 PM

yep

lakas ng PHP

a lot of money flowing into emerging markets

kasama tayo dun

a lot of dollars coming into the country

**Monseratto** · September 11th, 2010 12:56 PM

Shhh...baka madiskarte yung kita ko sa mga stocks. Stocks like ALI and MBT are nearing or equal their previous highs before the 2008 financial crash. If you entered the market last year, siguradong double your money ka ngayon.

http://www.pse.com.ph/html/MarketInf...ritySymbol=MBT

http://www.pse.com.ph/html/MarketInf...ritySymbol=ALI

**tidus1203** · September 11th, 2010 01:06 PM

I think this is gonna end quite badly... Basta be cautious na lang... As always greed kills...

**uls** · September 11th, 2010 01:34 PM

for now, ride the wave

malapit na matapos ang Q3

funds will soon be reporting Q3 results

they better have something good to report

fund managers will keep on buying

**tidus1203** · September 11th, 2010 01:41 PM

I am waiting for it, balak ko mag LONG USD/PHP hehehehe

**safeorigin** · September 11th, 2010 01:50 PM

hmmm... bet against it?

**uls** · September 13th, 2010 12:22 AM

as i've been saying here and in the global peso bond thread

Jan.-Aug. 'hot money' helps RP stocks — BSP
http://www.gmanews.tv/story/200852/j...-rp-stocks-bsp

Foreign portfolio investments or hot money poured into Philippine stocks and debts to the tune of $883.4 million or close to P40 billion in the first eight months of the year, the central bank reported over the weekend.

“The stock market is going up because of foreign funds coming in and they are also going to the fixed income markets," BSP Gov. Amando Tetangco Jr. said

.

**tidus1203** · September 13th, 2010 12:32 AM

The problem is its HOT MONEY, aka FOREIGN FUNDS. You know what that means? How fast they come in that is also how fats they come out...

**uls** · September 13th, 2010 12:59 AM

yep

those funds are here to make money and leave

the entry of those large globs of money cause stock prices to rise

rallying stock prices attract more investors (local retail), driving prices even higher

pag nabusog na ang mga funds, they take profits, dumping their holdings on late joiners

smart money sells to dumb money