Thai stock market falling off a cliff

[3421abc]

Wow I follow the SET daily for years and years and a 7 point either up or down is considered a pretty large move for a 1 day period. I just checked today's move and it is down 82 points as I write this. This is a HUGE HUGE 1 day move. Another fire for the dictator to put out 

 

Edited March 9, 2020 by 3421abc

[Halfaboy]

Soon to go up again ?

[3421abc]

The SET has been under performing the neighboring countries for years. Unless there is a change in government the SET will always be the last horse in SEA.

[from the home of CC]

the world is on fire..

[timendres]

Fear not. @saengd will be along shortly to assure us all that the SET has bottomed.

[PatOngo]

Thai stock market falling off a cliff

I have fears the whole country could follow it!

[soalbundy]

Just now, from the home of CC said:

the world is on fire..

No, no, that was only Australia surely. It's all just panic, started with Trumps trade war and will end with the demise of corona. The stock market goes up and down, it's like an in and out shop.

[ThaiBunny]

4 minutes ago, soalbundy said:

The stock market goes up and down, it's like an in and out shop.

These days the stock market seems to be going down more often that a Patpong hooker

[tonray]

45 minutes ago, 3421abc said:

Wow I follow the SET daily for years and years and a 7 point either up or down is considered a pretty large move for a 1 day period. I just checked today's move and it is down 82 points as I write this. This is a HUGE HUGE 1 day move. Another fire for the dictator to put out

US futures are down 4.9%....which dictator are you referring to ?

[uli65]

the buy the dip junkies are very quiet at the moment

[SCOTT FITZGERSLD]

20 minutes ago, 3421abc said:

The SET has been under performing the neighboring countries for years. Unless there is a change in government the SET will always be the last horse in SEA.

THAT is not true. the SET was one of the best performing markets

in the past decade, especially since 2014.

but truth is that all asian markets follow the U.S. market. 

and now the U.S. is falling and will fall hard. someting like 2008 / 1929 crisis,

and not just because of the corona virus.

[saengd]

19 minutes ago, timendres said:

Fear not. @saengd will be along shortly to assure us all that the SET has bottomed.

When I think it has I'll let you know.

FWIW I first invested in the SET when it was 300.

Edited March 9, 2020 by saengd

[JimmyTheMook]

12 minutes ago, ThaiBunny said:

These days the stock market seems to be going down more often that a Patpong hooker

 

Good Lord!

 

 

[Ventenio]

last week I started selling OIL....last friday I sold all markets to be 100% short for the next move...

 

i'm big money, so i can never tell you sheepies until AFTER the fact.

 

sorry.

 

after I'm super rich, I'll give you a nice story and then you will feel smarter but not richer.  

 

thanks for playing

[saengd]

31 minutes ago, 3421abc said:

The SET has been under performing the neighboring countries for years. Unless there is a change in government the SET will always be the last horse in SEA.

Only in your dreams is that true, statistically it has been one of the best performing indices in Asia for several years.

[Airalee]

13 minutes ago, saengd said:

When I think it has I'll let you know

I’m sure you will.  I’m sure you will.

[UbonThani]

26 minutes ago, ThaiBunny said:

These days the stock market seems to be going down more often that a Patpong hooker

Markets always go down after a rise.

[Airalee]

14 minutes ago, saengd said:

FWIW I first invested in the SET when it was 300.

All that means is that you are old.

[ianezy0]

Wait when the DOW opens, Oil down 25/29%. Talks broke down with Russia/OPEC. Covid-19 increasing. Australia ASX down . 

Thai SET and Aust ASX both down 7.5%+

Rest of Asia down down.

[saengd]

22 minutes ago, Airalee said:

All that means is that you are old.

18 years isn't exactly a long time.

[3421abc]

43 minutes ago, saengd said:

Only in your dreams is that true, statistically it has been one of the best performing indices in Asia for several years.

SET down 20.57% in 1 year. Only beats Blangladesh down 28% (source Bloomberg). Best performing you are the one dreaming, just look at the 5yr graph pretty much no gains.

[saengd]

12 minutes ago, 3421abc said:

SET down 20.57% in 1 year. Only beats Blangladesh down 28% (source Bloomberg). Best performing you are the one dreaming, just look at the 5yr graph pretty much no gains.

No gains, really!

 

https://tradingeconomics.com/thailand/stock-market

 

https://thethaiger.com/news/business/thai-stock-exchange-best-performer-in-asia-first-six-months

Edited March 9, 2020 by saengd

[bkk6060]

58 minutes ago, SCOTT FITZGERSLD said:

THAT is not true. the SET was one of the best performing markets

in the past decade, especially since 2014.

but truth is that all asian markets follow the U.S. market. 

and now the U.S. is falling and will fall hard. someting like 2008 / 1929 crisis,

and not just because of the corona virus.

Not even close Scottie an economic historian you are not.

But, this will create one of the great/greatest buying opportunities.  The DOW I bet will be at 40,000 by the end of Trumps second term.

So have that dry powder ready ( that means cash) a tremendous opportunity is about us.

Edited March 9, 2020 by bkk6060

[NCC1701A]

the Chinese will do anything to get rid of President Trump. including killing as many of their own people as possible or collapse their economy. they don't care at all. and with the world wide communist/Marxists controlled fake news media pouring gasoline on the fire they will make it happen. China has be collecting enough raw materials for the last 20 years to ride out this little speed bump.

 

look for the next mutation to be released from the "fish market" any day now. 

 

i know what i would do if i was president. now "put your hand on the scanning screen! hallelujah the missiles are flying!"

 

 

 

 

 

[billaaa777]

Quote

the buy the dip junkies are very quiet at the moment

The buy the dip junkies are going to make a ton of money, maybe you ought to learn a little bit about the stock market and start making easy money.

[billaaa777]

Quote

The DOW I bet will be at 40,000

The DOW will not hit 40,000 in my lifetime and I am 62. But, in the next few years it will get close to 30,000, which is way more than enough to rake in the big bucks because of what is happening now.

[Kwasaki]

3 hours ago, Ventenio said:

last week I started selling OIL....last friday I sold all markets to be 100% short for the next move...

 

i'm big money, so i can never tell you sheepies until AFTER the fact.

 

sorry.

 

after I'm super rich, I'll give you a nice story and then you will feel smarter but not richer.  

 

thanks for playing

Dunno about the set, but oil cheaper so I can fly my helicopter again. 

[sanemax]

2 hours ago, NCC1701A said:

the Chinese will do anything to get rid of President Trump. including killing as many of their own people as possible or collapse their economy. they don't care at all.

Are the Chinese hoping that Trump will catch the virus and die or that he will get voted out in the next USAs elections ?

  This a is a Chinese made virus and the sole reason for it is to get rid of Trump ?

[xylophone]

6 minutes ago, sanemax said:

Are the Chinese hoping that Trump will catch the virus and die or that he will get voted out in the next USAs elections ?

  This a is a Chinese made virus and the sole reason for it is to get rid of Trump ?

Yes please!!

[george]

Now it’s time to by shares on SET!