Asian market jitters

Asian markets fell today as fears of souring inflation hits home. Food prices are expected to hit ceiling prices ahead of the additional US$ 1/barrel today. Hence, Asian economies suffered the serious effects of speculations on what lies ahead due to inflation.

The Philippine stock market has'nt seen a bright spot since last week. Falling stocks have punctuated the already dismal state of affairs. Investors, like myself, are pulling out of the market, fearful that the current performance of the economy would pull much of my money from these portfolios.

Analysts say they are not that optimistic about the global economy. a slowdown of economies especially in Asia is expected. At this juncture, it seems that investments have no where to go but to the bank.