Dr. Mark Mobius talked to Coco Alcuaz of Business Nightly this week, discussing the local stock market, the economy, and REITS. Mobius believes that local investors should diversify abroad given the high valuations at the PSE. But he says the local economy remains attractive, considering its large consumer base, and its active trade in commodities, specifically in metals and other mining products. Mobius also believes the BIR's vision of REITS without tax incentives would kill the investment instrument before it is even launched. Business Nightly airs on ANC at 9 p.m. weeknights.