Stocks on Sale!

Time to go shopping!

Moments like these, you must find the discipline not to panic. No, this isn't the market crash...yet.

This is just a major correction. The market was at overbought levels and needed to cool off. This is okay. This is necessary to sustain the growth of our market. How can you tell? Because the world markets are down as well. Japan's stock market is down by 10%.

So control your mind and dont panic. See the opportunity in this situation. The opportunity to buy more stocks!

Also a few words by Gus Cosio:


So the market tanked the last few days; big deal. In perspective, we started the year at 5,812 and rallied to 6,870 in March; corrected to 6,419 within two weeks of that peak. We haven't looked back since. It was only last week until yesterday that we are seeing a meaningful correction. 

I am no fortune teller, nor am I a speculator. I try to responsibly manage investors portfolio to try to get meaningful returns while mitigating the attendant risks. That is why I welcome this correction. Why am I confident that this is merely a correction even if the market slips past 7,000? Well, I think because we are not facing any financial bottleneck both locally and internationally. 

This foreign and local selling that we are seeing follow risk management rules of thumb for fund managers. Most funds would like to bank in 20 to 25 percent gains, and that is precisely where a lot of the funds are. I must admit, they are the most influential in the market right now. Nevertheless, I would not underestimate the power of local investors. Objectively, I can see very little bottlenecks in the domestic economy. I was discussing with my favorite economist yesterday, and the only bottleneck visible was if infrastructure spending by government stops. Otherwise, the economy's momentum is rather strong.

People will position for the GDP numbers which will come out on Thursday. I think it may be worthwhile making a sound bet.


May God Bless your investments.

~Crimson