The PSEi ended last week with modest gains after being down 4 consecutive trading days. Can it continue on with an uptrend following news of lower commodity prices? It has not yet traded after the oil price shed off about 10 dollars. Does this give us something to be hopeful about?
From January 22nd to March 17th, the 11690 line has been tested thrice. Have we seen a bottom to the US market? Are we on our way back? Confident?
Questions. Yes. Those are what we have now.
Oh, and one more interesting thing... JP Morgan made at least $1.36 billion in VISA's IPO. This means, after paying for the Bear Stearns purchase, the financial holding company has still a billion dollars to pocket. Talk about hard times. :)
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