May 22, 2012

FREE!

FREE! I AM FREE! 
I am FREE!

Mr. Mark (the Philippine stock market) will soon exclaim this.

That is, free from the uncertainty of the outcome of  Chief Justice Corona trial. Well, honestly now, aside from the ScarEborough issue and the Greece concern, we are also jittery on how the trial will end.

With the the appearance and performance of the Chief Justice this afternoon, whether you are pro or con, I am sure that we all can say that we are now looking at the proverbial light at the end of the tunnel. Malapit nang matapos itong drama na ito.

To me, this means that tomorrow, barring a super red DOW tonight, investors will look at the local market with renewed interest and free from the Corona effect.

For those who bought near the close when good stocks were sold down (as investors hurried to watch the CJ Corona trial, hahaha), I am optimistic that tomorrow you will count profits as Wednesday will be a green day for the PSE. Cheers!

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