F! It’s already the end of the month, time flies.

Looks like the “Tech sector” of Thailand was properly smacked this month. Then again…paying 40x for a manufacturer…well ok. I thought the value would be in the IP, perhaps the market participants will realise this.

Financials and energy/resources are leading – simple – banks cheap, expectations of rates up and the hiding of the npl’s under the carpet + crypto crap = fun times, energy/resources – I’ve been banging on about this for …. 1.5 years? Not over…but perhaps I’ve mentioned this a few weeks in a row now, what happens when oil which drives everything globally (despite what some funny blue haired ESG investor may say), reaches a value that breaks the global economy…2007/2008…

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