Is the PHP on some kind of bubble?

[uls]

Foreign funds end the fiscal year on Oct. 31

ingat

[uls]

i don't follow local stocks

all i follow is the USD/PHP

i'm a correlation junkie

you'll know (more or less) how local stocks are doing by watching the exchange rate

USD/PHP is inversely correlated to local stocks

as long as the dollar keeps falling against the peso, local stocks will keep rallying

the dollar strengthened last friday and this morning

musta stocks?

bagsak ba?

hehe

[uls]

it's all about the dollar

USD/PHP


DJ PHILIPPINES STOCK INDEX

[CVT]

And, will this be the new trend, bro?....

What does your crystal ball say?

11.2K:bee:

[uls]

last friday, foreign funds started selling

the locals bought what the foreign funds were selling

the locals then realized they were handed hot potatoes

the locals sell

[CVT]

Will the new setup in the US Congress/Senate bring in new confidence in the USD, even if their economy is still reeling?

I think they can only do so much, since the billions of notes they printed have not really augmented the situation. What do you think?

11.2K:bee:

[uls]

Will the new setup in the US Congress/Senate bring in new confidence in the USD, even if their economy is still reeling?

I think they can only do so much, since the billions of notes they printed have not really augmented the situation. What do you think?

11.2K:bee:

but why would you want a stronger dollar?

a weaker dollar is good for Phil. stocks

anyway, re the Republican win, there are those who say it will be good for the US economy coz there will be gridlock (less govt intrusion better for business)

but there are those who say it will be bad for the US economy coz the Republicans will cut govt spending (the US economy needs govt stimulus)

as for Fed QE, it will only work when consumers and businesses borrow money

the banks already have tons of reserves and the Fed is adding even more to that

but if nobody borrows, the money wont go into the real economy

[CVT]

Bro.,- I do not want a stronger dollar.

I want money pouring in, hot, spicy and steamy!....

11.2K:bee:

[uls]

Bro.,- I do not want a stronger dollar.

I want money pouring in, hot, spicy and steamy!....

11.2K:bee:

i got the impression you want a stronger dollar coz of what you said:

Will the new setup in the US Congress/Senate bring in new confidence in the USD, even if their economy is still reeling?

[Monseratto]

USD/PHP


DJ PHILIPPINES STOCK INDEX


Dollar up.

Stock Market down.

Hot money out?