PSEi tried to bounce back from its opening dip, yet ending short; PSEi closed down by .73% at 7,816.27.
The opening was a significant drop of 1.36% which further result to further dip of 1.73% - the highest loss of the day.
Before the stock market open, Federal Reserve Chair Janet Yellen said in a conversation that “…equity market valuations at this point generally are quite high".
1 Comments
I agree that there are overvalued stocks, but there are also undervalued stocks. The problem with stock market is that some people could not determine which is the overvalued and the undervalued.
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