INDEX  3,000 in November. The index finally got over the hump, breaking the 3,000 index level last November 11.

Bitten by the Gold bugs. Rising gold prices was a also a positive catalyst as it reached $1,174/ ozt in November, helping PX reach P20/ share

Outperformers. Universal Robina Corp (URC up 20%) which is finally catching up with its book value of P15.50/ share.

Ayala Land (ALI up 20%) also attracted foreign buying after 3Q09 results showed recovery in residential revenues (which accounts for 42% of Operating Income).

Underperformers. Laggards for the month were Megaworld Corp (MEG dn 4%) and Energy Development Corp (EDC fell 3.6%).

Strategy. Global equities suffered a setback from Dubai World’s request for a “standstill” on debts worth $60 bn.

ADVICE: Better be waiting in the sidelines than brave a potential storm brewing.