Is the PHP on some kind of bubble?

[tidus1203]

And looks like he is really trying to take credit to repair himself after that bungled hostage operations...

Anyaway, nag 4000 daw intra-day pero heavy selling as it reached that price level prevented the index from maintaining it there. It closed slightly lower. Bagsak yan bukas for sure... And Wall St. looks to open lower as well...

[Monseratto]

Due na rin ang PSE for a big correction... Pero yung mga corrections in the past few months isn't big enough for a buyback.

[uls]

the cause of strong peso and rallying stocks

but of course, we already know that

'Hot money' inflow at $494-M in September
http://www.abs-cbnnews.com/business/...94-m-september

MANILA, Philippines - Foreign portfolio investments or "hot money" continued to flow into the country, posting a net inflow of $494 million in September, the central bank reported Thursday.

This was more than 10 times the $47 million net inflow registered in the same month last year, and the highest since May 2008.

Gross foreign portfolio inflows, meanwhile, totaled $1.42 billion in September, and gross outflows were $928.62 million.

For the first 9 months of the year, the Philippines had a net portfolio inflow of $1.42 billion against an inflow of $229.13 million in the same period a year ago.

The United States, United Kingdom, Singapore, Luxembourg and Hong Kong accounted for 80% of portfolio investments in the January to September period.

Placements in the stock market accounted for $5.3 billion or 74% of the $7.2 billion registered investments with the central bank in the 9 months. The balance was in local-currency government debt and time deposits.

Registered investments during the period were up 53% from a year ago. Registration of foreign investments with the central bank is voluntary, but is required if investors want to buy foreign currency to be sent out of the country.

[tidus1203]

That's the problem mga tirador lang mga investments dito. Buying paper only, walang factories. Walang REAL JOBS! Madali lang ibenta ang papel so their commitment is very low...

[Monseratto]

They have to put those newly printed paper este dollars somewhere...

[uls]

ishares emerging markets index fund


psei

[uls]

USD index


the USD rises

ishares emerging market index fund falls



who is one of the emerging markets?

we are

what drove foreign funds into emerging markets?

the falling dollar

guess what's gonna happen to Phil. stocks tomorrow

[CVT]

Buoyed by hot money......

11.0K:dunno:

[uls]

but of course there was no sell off in local stocks today

PSEi +.0711

i'm only human

[uls]

psei got stuck at +53.649 at a little past 10am hanggang close

bomb threat

trading halted