doubtful because of the difficult environment caused by rising energy prices.

The party division being addressed is a market positive, but Arroyo staying on will mean continuing political tension.

Foreign institutional investors are, I think, cautious to neutral on equities, including those in the Philippines.

We will have a very good first quarter. The market may reach the 2400 level during the period.

A single-day gain from window dressing would tend to be followed by a day or two of readjustment.

There is going to be a lot of political tension, which would lead to investors shying away from the Philippines, both in terms of equities and real investments.