Nothing pretty in the market. The selling amongst smaller names has been indiscriminate and it’s a fact that if you remove the performance of PTT Group, the market would be in the 1,500’s, should there be another 5-10% drop in oil, watch the market drop to 1,500 levels and as seen from the drop from 1800 to here, even names that did not follow the market on the way up will be brought down with the rest of the market.

Now, I’ve always considered the period between 1Q and 2Q to be a rather interesting time for markets because of the length between earnings is the longest within the year and thus volatility is normal because its only newsflows and events that drives prices.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.