......"The big jump in the US market last night and the continued rebound in Asian markets this morning, as well as the lower inflation, encouraged investors to rebuild their positions," Westlink Global Equities chairman Rommel Macapagal said.
"But I don't think investor confidence has been fully restored. Volatility will likely persist in the near term as we remain hostage to external factors despite our improving macroeconomic fundamentals," he added.
Technically, Macapagal said the market needs to consolidate or build a base above 3,000 points to be able to sustain its gains.....
Interview regarding the today's (March 7, 2007) market movement.
Source: Xinhua Financial News Service/ business.inquirer.net
UPDATE: This quote also came out in the Philippine Star Business Pages (B-2) - March 8, 2007
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