What a day!
The government decided to do some tests over the weekend and discovered that the WuFlu is still in Thailand. So the market promptly dropped -5%.
The next few days are going to be interesting for the social mood/market mood. There is a thinking that the whole country will do a lockdown (I assign a small probability to this) for new years. My thoughts are, expect to see some rather large case confirmations over the coming few days and then it coming off, why? Remember Thailand officially tested 1.8% of the population (note the US did 70%), this is why the official #’s are low here. It’s not because the military has done a good job, its because they are a bunch of incompetent corrupt donkeys. As are the rest of the cocaine sniffing, chicken-raising on state land idiots. But who are you to question this wonderful group?
So unleash the same playbook as from what we saw the last time news like this hit.