Guest voldemar Posted June 8, 2011 Posted June 8, 2011 The following article attributes the current slump in Thai stock market to possible post-election turmoil. http://www.bloomberg.com/news/2011-06-08/thai-stocks-slump-seventh-day-after-credit-suisse-cuts-rating-on-politics.html Quote
Guest anonone Posted June 9, 2011 Posted June 9, 2011 I really hope the fears are unfounded and things remain peaceful. If Thai market is anything like US market, seems rational thought is often overtaken by emotional response. It is interesting to see the currency effect. A query today showed 30.44 Baht = $1 USD As I will be visiting soon, a little uptick in the exchange rate is selfishly welcome. Quote
Guest voldemar Posted June 9, 2011 Posted June 9, 2011 I really hope the fears are unfounded and things remain peaceful. If Thai market is anything like US market, seems rational thought is often overtaken by emotional response. It is interesting to see the currency effect. A query today showed 30.44 Baht = $1 USD As I will be visiting soon, a little uptick in the exchange rate is selfishly welcome. Nobody really knows what is going to happen after the elections but one day the current semi-feudal system will explode. The problem is that ruling elite (including top military) seem to be absolutely unwilling to make any concessions. At least, IMHO, they need to pay attention to what is happening in Middle East. If Credit Suisse is correct, Thai elections may present an excellent buying opportunity for Thai baht (see , in this respect also the thread Dollar may strengthen). Quote
