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Again, life is either a Dylan or a Beatles. JL was part of the Beatle so this might count. "Nobody told me there'd be days like these"
https://t.co/5wmgN9uihg
2018 GDP/capita:
🇻🇳 $2,550
🇵🇭 $3,020
COVID-19 tests per million:
🇻🇳 150
🇵🇭 16-17
Confirmed cases/deaths:
🇻🇳 134/0
🇵🇭 552/35
Population: ~100M for both
🇻🇳 may be an outlier but this shows a resource-constrained country can ramp up testing, flatten curve, prevent deaths.
Market capitalization lost by the entire PSE in 16 days (from Feb 22 to Mar 19) was Php4.3 trillion.
Chart belows shows market cap lost by family/group in the same period.
PSEi is now recovering but is still more than 3 standard deviations from its 10-year forward P/E mean. Rarely does a better opportunity present itself for long term investors.
Posted shortly on the @MyTradePH website and in clients’ mailboxes. Discussed implications of the market’s closure, the 9 stocks trading below 2008 valuations, impact on retail/restaurant stocks and more.
Celebrate small victories. After all, it is where sizable achievements are founded upon.
Bad markets come and go but great traders are eternal.
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