Before the US meltdown, asian markets were strong with robust economic fundamentals as most of the analyst were saying....so whats the big deal why we are being dragged down by the US turmoil.

In todays news:

Impact of US woes on RP seen limited
Moody's says Asian banks' exposure minimal

By Doris Dumlao
Inquirer
Last updated 08:03pm (Mla time) 08/03/2007

THE LOOMING crisis in the US housing mortgage market is expected to have a limited fallout on the Philippines.

Bank of the Philippine Islands president Aurelio Montinola III said the rising delinquency in the US sub-prime mortgage market would not likely cause a shakeout in the domestic market.

"I think the impact will be very little," Montinola said.

Listed companies whether big/medium/small caps have disclosed over than unexpected profits in the first half of 2007. However, these good results have not been realized by some investors on their respective portfolios....and it sucks.

Reality is, that local market could not really stand alone without the shadow of the US.....this is a pity.

If the US subprime issue is not stabilize within 2 to 3 months. Are we expecting to be looming until the end of 2007????

Better to be a state of the US instead....its the same

The DJIA's chart just absolutely sucks. It's currently trading between the 50 & 100MA but it looks like it's on borrowed time and time is nearly up. If it breaks down from its current support, I am seeing a drop of at least 900 points...not in one day. Sobra na yun.

As for our own market, we've broken supports recently. The bigger channel is pointing to the 3000 level. You may want to lighten up on your holdings.

The S&P500 looks even suckier Praised be to God pwede mag short sa US as for my local account ipit na ako

Bonner, you mean additional drop by 900 points? hock: hock: hock: ...nakupo! paktay tayo dyan.

oh musta na mga ipits natin dyan?

DOW down 387.18 poynts, bye PSE hock: