Thursday, November 29, 2007

No November 29 Report


Folks we have been victimized by my now infamous Weekend Factor. Something always gives on a weekend, especially long ones. Just when you thought that we'd be going up because of economic news and the DOW recording triple digit gains, a senator thought it wise to brandish guns inside a court house and accuse the current administration of being morally bankrupt.

If you brandish a gun inside a court house, what makes you better?

I was watching with glee at the stock market, we were up by a hundred points, 2% up from yesterday. Then I was shocked as everything went red and everybody was selling like crazy. What the **** happened?

I called up my broker and realized that Senator Trillianes, who hasn't smarted from his previous mutiny, is doing exactly what he did years ago.

We went from 100 points to just 16 points up early 11AM. It's remarkable that some brave traders sought the contrarian route and boosted the PHISIX up by 41 points to close at 3,578. Nonetheless, there's no point making a report today dahil sira na ang charts natin mga parekoy. A kneejerk reaction of selling today ultimately makes your charts look ugly.

I can only hope that the matter is settled peacefully over there at the Peninsula and the DOW goes up tonight and tomorrow. Otherwise, look for another sea of red come Monday.

How do you promote tourism when militant men in uniform use hotels as their staging point? I still call for all politicians to have mandatory basura stocks that will be locked up for 5 years. That should teach them a lesson about being POLICY MAKERS. Not party poopers.

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