15-MAR: Pray for Japan

Just as the Philippine index is headin up. Japan comes up with an earthquake with mythic proportion. What does an earthquake have to do with the stock market? Well, the stock market always reacts to major global phenomenons. Japanese shares plunged Tuesday (today) on panic-selling over worries that radiation from a damaged nuclear reactor would further complicate and endanger the nation’s recovery from its worst-ever earthquake on record Friday. The Japanese nikkei dropped at a whopping 1000++ points, or 10.55%. It’s worst drop since 2008.

This morning, world market shared the same fate (but not that big of a dip).  PSEi broke it’s resistance at 3900 and ended -22.39.  Bought CYBR yesterday thinking that it was a bargain @ 1.06, ended today @ 1.04.

Naipit tuloy ako, shite!!


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