Longneck’s UCC’s (Useful Chit-Chats) : My Thoughts on the Recent Subprime Crisis

The recent subprime financial crisis : what really happened, what’s happening, and my thoughts as to what will happen — these will be discussed and linked as thoroughly as possible by yours truly in simple layman’s terms in this special edition of my UCC’s.

I have this thought that has dangled in my mind for ohhh so long, but I decided to come out with it just recently, because I want to confirm my own personal theory as to the US unemployment data indeed making a u-turn to recovery.

We know for a fact that stock markets usually move way way in advance ahead of any crisis or recovery. Just keep this in mind as you read along.  Read more... (828 words, estimated 3:19 mins reading time)

Longneck’s UCC’s (Useful Chit-Chats) Nov 24 ‘09

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.  Read more... (395 words, estimated 1:35 mins reading time)