Occupy Wall Street enters second month. Although seemingly “leader-less”, and in terms of specific issue orientation rather “rudder-less”, the protesters have not only grown in numbers but has extended beyond the borders of Manhattan to Europe, South America and Australia. Similar mobilizations have sprung up in Tokyo, London, Germany and Rome, which turned violent. Over the weekend, a rag-tag team of left-oriented and left-affiliated civic-political organizations staged a “mini-version” in support of the movement at the Ayala Triangle grounds. There was no “occupation” of the site, however. The economic or policy impact of the movement can hardly be measured at this point with the group yet to defined specific agenda beyond declarations of anger on “out-of-touch” corporate, financial and political elite. If finds philosophical foundations on a Nobel economic laureate Joseph Stiglitz contention that 1% of the population holds or controls 40% of the nation’s wealth – the so-called 99%. What started out as an exercise of democracy, protesting against what they claim as “corporate greed”, its mutations across the Atlantic and the Pacific have taken on other domestic concerns.

Meanwhile, at Philippine Stock Exchange erased more than half of the previous session’s low, further validating the 4,130-technical support but still failing to gain past the 4,200 mark. Sentiments by and large remains tied-up to Europe’s fate, as most global equity markets are, with the decent numbers posted by the domestic economy lending stability.

The Dow rebounded off a similar one-day loss that snapped an extended run as the outlook for a detailed plan on addressing the European crisis turned optimistic yet again. Stay cautions.