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The Nasdaq just broke the 5000 level. The Highest its ever been is 5332 before it starting crashing in 2001.

Mission Accomplished: Nasdaq 5000
http://www.zerohedge.com/news/2015-03-0 ... asdaq-5000

Stock Market Bubble
http://theeconomiccollapseblog.com/arch ... loses-5000

Meanwhile, in the Philippines...



The new Sangley Point airport is almost approved. Imagine the shock of Filipino people, when they will go from having the world's worst airport to one of the world's best.

publicduende wrote:Meanwhile, in the Philippines...



The new Sangley Point airport is almost approved. Imagine the shock of Filipino people, when they will go from having the world's worst airport to one of the world's best.

Its good news. Manilla desperately needs a new airport. There's a lot of construction going on in Cebu City too. Major paradigm shift ahead!

Cool stuff, thanks guys

Taco wrote:Its good news. Manilla desperately needs a new airport. There's a lot of construction going on in Cebu City too. Major paradigm shift ahead!

Manila is and will remain the centerpiece of filipino economy, but I really see Davao overtaking Cebu as the second powerhouse economy.

From what they told me Ceby is dirty, polluted, chaotic and overcrowded like a mini-Manila.

Davao has a massive land area, less than 20% of which is built. Urban planning is not very good, the city is little more than a constellation of residential or mixed-use subdivisions. But paradoxically this has resulted in less pressure on any one area so less traffic, less pollution and crowding and better quality of life.

Davao is also much much safer and cheaper then Cebu. And they have their own natural sanctuary, Samal, just 20 minutes by boat.

If its mayor, Duterte, becomes the next President, expect more devolution and investment. Davao is set to become one of the most interesting success stories in SEA.

Taco wrote:The Nasdaq just broke the 5000 level. The Highest its ever been is 5332 before it starting crashing in 2001.

It's all fun & games until Joe Shmuck tries to convert those symbols into spendable currency.
That brings to mind the question of are the recent highs reflective of actual retail investment or only in-house HFT programs trading back and forth.

Teal Lantern wrote:

Taco wrote:The Nasdaq just broke the 5000 level. The Highest its ever been is 5332 before it starting crashing in 2001.

It's all fun & games until Joe Shmuck tries to convert those symbols into spendable currency.
That brings to mind the question of are the recent highs reflective of actual retail investment or only in-house HFT programs trading back and forth.

The second, this is the biggest con the world has ever seen. Modern technology systems have made this possible. Total social economic engineering beyond comprehension. The markets have no resemblance of reality as far as being grounded to real market economics, just made up #'s levitating the whole system through fakery. America should have collapsed long ago and people are so stupid they cannot figure out the country is not remotely carrying it's own weight.

I think we're definitely headed for a market correction.

publicduende wrote:

Taco wrote:Its good news. Manilla desperately needs a new airport. There's a lot of construction going on in Cebu City too. Major paradigm shift ahead!

Manila is and will remain the centerpiece of filipino economy, but I really see Davao overtaking Cebu as the second powerhouse economy.

From what they told me Ceby is dirty, polluted, chaotic and overcrowded like a mini-Manila.

Davao has a massive land area, less than 20% of which is built. Urban planning is not very good, the city is little more than a constellation of residential or mixed-use subdivisions. But paradoxically this has resulted in less pressure on any one area so less traffic, less pollution and crowding and better quality of life.

Davao is also much much safer and cheaper then Cebu. And they have their own natural sanctuary, Samal, just 20 minutes by boat.

If its mayor, Duterte, becomes the next President, expect more devolution and investment. Davao is set to become one of the most interesting success stories in SEA.

Noted.

Thanks.

Corporations get to borrow money at negative or 0% interest rates which they use to buy back their own stock which has sent the Nasdaq soaring. Meanwhile, the middle class has to borrow money at 4% for a mortgage or 18% for a credit card. A Soaring stock market means the middle class is being destroyed.