Come Monday, if nothing happens over the weekend, the market should be okay. It should be normal.

Investors were relieved that contrary to expectations, Labor Day ended without any violence.

Investors may start to cash in once first-quarter results start coming out.

It's a popular move to suspend or cut taxes, but it's not wise. The government should address the underlying problem instead, look for alternative sources of power, be less dependent on oil.

It's like a thorn has been removed from the market.

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

It merely compounded the problems that have been hounding the country,

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

So when the government was able to withstand the threat, the market took that as a cue that perhaps, at least in the medium term, there won't be another threat.

Normally the decline should have been much more, but the market seems to be holding. The main difference between then and now is the fact that market fundamentals today are way, way better than before.