The Sum of All Fears

January 10, 2014 at 9:23 am Leave a comment

Yesterday we post our PSEi and Peso Outlook for 2014 with the Gold script in mind. In our view the PSEi is now building base to “Rock our World” with a target of 6,600 to 6,800 within the first half of the year. this coupled with an assumption that the Peso will strengthen back to the 42 levels (coming from near 45 levels).

So: What’s with the title?

So what: Looking at the Gold script, there will be a change of sentiment and likely to trigger a loss of confidence for the market as the next half of the year will belong to the bears.

So What now: We believe there’s something fearful that will arise come the 2nd half of the year. To sum all the fears, the impending MER rate hike, will be the most dramatic. Our 3,700 thesis for the PSEi is somewhat synonymous to a KSP’s call and not SPY’s call. Nevertheless we called it first… again.

Call me maybe or call me crazy.


Entry filed under: Phisix's Closet (PSEi). Tags: , , .

Reference Charts: PSEi, Gold Script & Peso You want to Avail of Stock Rights, Property Divs but no money. What to do?

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