Stocks on a highBy Randell Tiongson on September 15th, 2010
The Philippine Stock Exchange Index (PSEi) breached the 4,000 mark when it peaked at 4,011.27 yesterday (Sept. 14, 2010) and closing at 3,968.29. At the beginning of this month, the index was at about 3,500 — that is indeed a very fast rise.
While I am personally happy that the market is moving north, the rise is a bit alarming. Many are saying that we are fundamentally sound, yet many are also saying it’s a bubble. Many investors are anxious as to what direction the market will head to.
While money can be made in the short-term, equity investing is still a long-term game for my preference. It’s still all about investment objectives, risk tolerance and time frame. My 2 cents.