Our world in and out of the workaday world
This latest scam attempts to victimize hapless suckers who haven't realized two important things: 1)if it is too good to be true, then it probably is. and 2) there is no such thing as a free lunch.
Curiously enough, this ad pointing to the scam site came from facebook!
The bogus site comes on to you as a mother who had debt problems and suddenly turned her life around just by buying an internet marketing kit worth $3.88, namedropping google as its get rich quick legitimate vehicle.
PSEi 3,044.97 DOWN 44.85
value php 66,895,317,835.00
value sans smc block: P2.6B
DOW 30.69 +0.29% 10,464.40
NASDAQ 6.87 +0.32% 2,176.05
S&P 500 4.98 +0.45% 1,110.63
Stocks drop 3-5% around the world as Dubai World, the government investment company burdened by $59 billion of liabilities, sought to delay repayment on much of its debt.
Goldman Sachs Group Inc. analysts estimated potential credit losses at HSBC related to Dubai World may be $611 million, and $177 million for Standard Chartered, according to a research report released today. The impact on both banks will be “manageable,” the analysts wrote. Sumitomo Mitsui Financial Group Inc., Japan’s second-largest bank by market value, may be owed at least $225 million by Dubai World, according to people familiar with the matter.
Dubai borrowed $80 billion in a four-year construction boom that transformed the sheikhdom into a regional tourism and financial hub. It suffered the world’s steepest property slump in 
the global recession, with home prices dropping 50 percent from their 2008 peak, according to Deutsche Bank AG.
PSEi 3,089.82 UP 25.52
value php 2,826,110,890.00
TOTAL FOREIGN BUYING : P 727,342,742.00
TOTAL FOREIGN SELLING : P 549,026,856.50
Up 25 on poor value turnover (regular usual value was 3.8B which could still be better), and poor breadth all suggest that even as market may rise, rotational plays will continue and not across the board bonanza. Food for thought: 800m php of today's total traded came from both CPM and PX.
DOW 30.69 +0.29% 10,464.40
NASDAQ 6.87 +0.32% 2,176.05
S&P 500 4.98 +0.45% 1,110.63
In wall street, a bigger-than-expected drop in weekly jobless claims fuel their rally further but is looking like it will take a breather for the meantime. Once again, this doesn't seem to bolster Asian confidence to pump more money into their equity markets at this time, as they choose to correct.
Today was another CPM day, as this climbed to 7th heaven was actually met by an UP index day. PSEi was up by 25pts, and closing now at another new high relative to the recent rally.
Helping us through the day was TEL /ALI /MBT which actually combined for a 15pt rise for the PSEi.
With the long weekend ahead, I expect a lull day tomorrow. But generally, I expect our index to crash past that 3,100 in the coming days, if not tomorrow.
TEL recent hi was at 2660. ALI was forced close at P12.50, and a break of that P12.50 would just sustain our PSEi’s rise. Add to the fact that MER is still consolidating above P215. Hope MER joins the party soon.
Another CENTURY PEAK day ending again as the top traded stock, and yet no signs of peaking as of yet. Now confirmed as a GEM, CPM was even halted at the start.
PSEi was down by 10pts today. The only big index gainer is new break-out boy ICT, as this counter seemed to have broken out of P23.00, targets could be P25.50 …
I am looking at ALI as the possible index heavyweight which can prop the market to newer highs, a break of P12.50 would confirm this theory of mine, and could yield us Greenbelt – 14..
PSEi 3,064.30 DOWN 10.36
value php 2,987,361,500.00
DOW 17.24 -0.16% 10,433.71
NASDAQ 6.83 -0.31% 2,169.18
S&P 500 0.59 -0.05% 1,105.65
Stocks ended a volatile session with modest losses Tuesday, as the Fed's improved outlook and some signs of improvement in housing tempered a weaker revision on economic growth released in the morning. -cnnfn.com
Gold hits a high of $1171 and only PX is "Affected" amongst our local mines. PX movement to 19.25 is actually caused by speculation of Ongpin/MVP related acquisition news. LC/B, on the other hand, tried to rally to .023/.026 on anticipation of any possible fruitful deal with MVP. They left MA/B behind at .023.
Index gainers were few: ICT PX EDC MBT LC ., about 1/3 unchanged, and slightly over 1/3 were losers.
DOW’s 100pt rise last night was greeted by a muted response as although our index psei did end up gaining 26pts, market breadth was not as positive as one might have expected.
Leading the way was TEL’s P55.00 rise to P2,600 translating to 16 gained PSEi pts. This alone accounts for more than half of that 26pts. Not to be outdone, PX rise to P19.00 also gave 5 pts.
Banking except for BPI were all marginally lower to unchanged, though positive foreign fund flow into the sector is still quite visible and evident.
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