Phisix: Third major ‘marking the close’ for the year

This should be the third major "mark the close' for the year after February and April. 

Charts below from Colfinancial.com

 

Amazingly, 40% of today’s 68.2 or 1.01% gains had been due to a last minute bid, although today’s push comes with tepid volume.

The industry standout for this ticker tape management has been the index for the holding company

This has been supported by the industrials 

And partly the service index. Although the service index has been climbing even before the close.

In a way, the property sector participated but not as much as the above.

I am not sure which particular issues has been used to manage the index. Perhaps the performances of the major issues from each of the above indices can give us a clue.  See from the above table using this guide Service (red), holding (green) and industrials (blue) Table from PSE. 

The main point is that contra the bull market of 2013, today’s market activities continues to reveal of signs of a deepening (climaxing) speculative orgy from an entrenched belief of a one way trade. 

I only noted of one major mark the close in 2013, whereas for this year, there has already been 3.

Today’s activities doesn’t even permit a correction or profit taking. Yesterdays correction of 1.75%—if today’s momentum continues—may be wiped out by tomorrow or by early next week. If so, then there will hardly be any correction at all.

It’s strange but why the need to “manage” the index if we are in a healthy bull market? Second, what’s all the rush given the outrageously excessive valuations? Afraid to be left out? Left out of what? Nirvana? Does the mainstream really expect that the current 30,40,50,60++ PERs will soar to 100 soon???