If we live long enough, one day we’ll look back like my Inay always does (“kung binili ko ‘yung lupa sa Tagaytay noong araw,” kung binili ko ‘yung lupa sa Makati noong araw, siguro mayaman milyunarya ako” and such) and shake our heads at the missed opportunities. Its a buyer’s market for those confident enough to hold on to their portfolios for an appreciable period, namely, at least two years or until such time that the market gains robust confidence.

But then, how do the general populace appreciate market movements, when it goes up or down? Probably not much. But while the economic activity of the people could somehow infuse or reduce confidence in the market, the impact of the activity in the exchange is hardly felt in the pockets of our people. First of all, a stated in the post, only a minuscule part of our people are market players. But more importantly, its the fiscal and monetary policies of the government that direcly impact that economic activity. The Central Bank should control inflation so our shopper would less complain about high prices. Congress and Malacanang should negotiate a scheme with the IMF and World Bank to slash interest payment on our external debt. It is truly wicked when the country’s national budget allocates more money to interest payment than to public health and public education combined.

Inflation, recession? Our people are have lived in those conditions for so long. My neighbor can’t even afford his beer and load anymore. Market crash? I’m sure he’ll say he didn’t hear any noise.