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.
We will have a very good first quarter. The market may reach the 2400 level during the period.
Come Monday, if nothing happens over the weekend, the market should be okay. It should be normal.
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.
The party division being addressed is a market positive, but Arroyo staying on will mean continuing political tension.