News / Philippine Stock Market
The PSEi is undergoing some volatility that confuses many. Again, many fear that the index is too closely tied to the US index. Therefore, every big drop in the US makes people here anxious. A big rise gives them too much hope.
Anyway, after we hit our high back in October, the PSEi has backed off from that level and has corrected to the current levels. Although there is no clear area pattern being formed for the moment, we can see that the correction is one that is necessary and healthy. Even if the PSEi goes down to 3498, we are still okay, nothing to worry about…yet.
For the moment, there are no leads, therefore we have to just ride it out as it mirrors up to some point what the US is doing. 
|
