Fund managers are starting to liquidate their positions in the market. Given this trend, the best time to buy stocks would be during Holy Week.
More Quotes from Jonathan Ravelas:
We are seeing the government's commitment to solve its fiscal problems more aggressively. That will translate to more investments.Jonathan Ravelas
This is good news but we can't say at this point that a recovery is now underway. We want to see first how exports will perform in the next two to three months before we can make any conclusion.
Jonathan Ravelas
The rising geo-political risks in Iran and Nigeria have put pressure on oil prices, raising concerns that inflation might escalate again.
Jonathan Ravelas
The risk to the administration seems to be dissipating ... we will probably see a more stable market next week.
Jonathan Ravelas
The recent falls should be taken as an opportunity to buy ahead of the index change in April.
Jonathan Ravelas
The strong remittances and additional government spending this year should help mitigate the adverse impact of additional taxes and high oil prices on consumer spending.
Jonathan Ravelas
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