Santa's 6 reindeers are ready for action this December. A mutually contrived action between the 6 big central banks are established. They agreed on temporary bilateral exchange program for financial stability among the developed countries. The 6 reindeers that I'm talking about are the U.S. Federal Reserve, Bank of Canada, European Central Bank, Bank of England, Swiss National Bank, and the Bank of Japan. This will reduce the fear of European Debt crisis spreading not only among European countries but across the globe.
What does this mean? Stocks will continue to rise for the meantime while waiting for their solid solutions and action. The same with the Philippines which has a solid positive fundamentals. So keep your stocks for now. Or if you have an Equity Fund, you may add and put some of your 13th month pay into it. Santa Clause maybe coming this December with a lot of presents.
Looks like Rudolph is joining the party. China is also helping by lowering its reserve requirement ratio by half a percentage point for banks.
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