The SET continued to decline last week because reasons that I’ve mentioned several times, the Euro area issues, US slowdown and continued worries about the Chinese economic slowdown. Going forward all we are going to hear in the news is the Greek election coming in mid-June, issues about Spanish banks, US worries and the Chinese government pushing liquidity into their system. We actually think this is an attractive time to accumulate (albeit at a very slow pace) as several mid caps have fallen 20-30% in the past month.




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