bargain hunting or still holding back?

Filipinos are known to be suckers for bargain deals and discount sales. We fill shopping malls to almost asinine proportions over payday weekends and shop, shop, shop.

So why was the market not full today? Why were bargain hunters not in troves? Well, we're 12 hours ahead of US trading, that's why. At this point we are still waiting for confirmation that the otherwise good week last week in US equities is not just another fluke.

PSE COMPOSITE AND SECTORAL INDICES from www.pse.org.ph VALUE CHANGE % CHG PSEi 2,867.50 49.92 1.7717 All Shares 1,759.17 23.47 1.3522 Financials 684.59 8.06 1.1914 Industrial 3,580.32 62.04 1.7634 Holding Firms 1,542.64 30.89 2.0433 Property 1,063.54 36.25 3.5287 Services 1,591.74 17.12 1.0872 Mining & Oil 6,625.83 202.46 2.965 MARKET ACTIVITY Trades 4344 Volume 738,146,677 Value (in thousands) 2,165,174 Advances 56 Declines 27 Unchanged 48

All eyes on you tonight, Uncle Sam, in another crucial week to world economy!