Market Update 26/05
And so the nerves of the political brouhaha have started.
With the noise against Thaksin & Yingluck who wants to take the over/under that Ung-ing gets kicked out? Or is just a tactic to pressure them regarding the budget? What happens if Anutin becomes PM?
1Q #’s came out and looked quite meh – even I’m surprised – I thought that the pain would be seen in 2Q… summary to come, fun times. The baht strengthened to sub 33 versus the USD, far ahead of other regional currencies – last time this happened, the currency turned and the SET went down, more fun times, where’s the good news?
Enjoy 🙂
Peter Satrapa-Binder
Re 1Q more meh than expected: Probaly the pain in 2Q and following one(s?) will be larger than expected.
Re where are the good news, here they are: at one point the market will be that low that buying opportunities will arise again. 🙂