Posted by johnmangun on June 11, 2013 | 0 Comment

“An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange.”—Wikinvest.com

 

STOCK-MARKET investors are usually excited when a company comes to the market with its IPO. There is always a period leading up to the listing day when the newspapers’ business section has a constant stream of news items about the company that often read like corporate press releases, which, of course, they are.

 

Posted by johnmangun on April 11, 2013 | 0 Comment

IN October the Philippine Stock Exchange Composite index turned in its best monthly performance since February. This is a promising development that may be the next step in the march toward establishing a new historic high.

 

Earlier this year I wrote that asset price bubbles are the new normal and that we need to get used to it. This is the result of the central banks, primarily the US Federal Reserve (the Fed), infusing huge quantities of money into the global system as a matter of policy and intent.

 

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