Well I’m writing this just at the open for the afternoon session, and wow rates > srettha being a fantastic salesman narrative. How many margin calls are we seeing by management/owners today? There seems to be a lot of fear that several companies can’t roll over their debentures – hello magnolia! yes you’re effectively bankrupt […]

Well this past weekend’s events have thrown things upside down, and I have nothing to add.

Bonus – PM Proving he’s a salesman

So DELTA decided to magically dump shares to hit the free float requirements to remain part of the SET50..amusing. As for the rest of the market, wouldn’t be surprised to see capital flow into all the other large caps that were squeezed out due to DELTA’s inclusion in the SET50.

Extra 8 – Pure gov policies

A member of my team made a comment the other day that the Thai market appears to track the Chinese equity markets whereas the Vietnam market tracks the US equity markets. Depending upon your timeframe, if you do a quick correlation exercise, you’ll find it is rather accurate (again timeframe dependent). Now back to the […]

Bonus 2

The market stuck in a range, the bull story I’ve raged on about for a while 1. Commodities 2. New government policies, the bear story 1. Higher rates 2. A weak global demand situation Let’s see.