Flying fur boosts peso, stock market

If you read FinanceAsiaƆs account of the Philippine congress'' chaotic Monday and acted on our bold forecast, you would have made money already.

That day we boldly declared Those who shorted the peso and the PHISIX should be forewarned and forearmed when the market resumes on Tuesday.

This was on account of our coverage of one of the most tumultuous days in the history of the Philippine congress. On Monday, Manuel Villar cleverly and singularly transmitted the articles of impeachment against President Joseph Estrada while the entire congress watched in a surprised shock. Six hours later, Villar was ousted as Speaker of the House.

At the same time that Villar was rapidly reading the endorsement of the articles of impeachment, the Senate removed Franklin Drilon as senate president in a political machination that was only finalized two...

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