Daily Market Notes November 16, 2009

PSEi     3,011.36         DOWN   22.96
value php     4,105,654,390.00


DOW    73.00 +0.71% 10,270.47
NASDAQ 18.86 +0.88% 2,167.88
S&P 500   6.24 +0.57% 1,093.48

Before everything, else, let's vote for our very own pushcart teacher efren in cnn.com/heroes. you can vote as many times as you want.

Since saying that stocks corrected on renewed growth pessimism, gains last Friday were now attributed to growth optimism. Go figure.

Asian stocks seesawed but were mostly slightly higher.

Locally, hitting 3k drew in the buyers, plus some 550m pesos worth of crosses on SMPH puts the value turnover back to the usual 4B mark.  Likewise, some 300M worth of crosses for UBP made up for what would have been quite a lackluster day.