SET fall 10% today. Thai stock exchange halt.

[DannyCarlton]

Just now, Yinn said:

POTY Yinn has the financial recommendation today for the TVF gang.

 

Sell.

 

The SET will FALL today.

Sure

Sure!

SURE!!!

All markets will fall today. Hold and wait for the recovery. The smart people are buying now, not selling.

[Matzzon]

4 hours ago, Tayaout said:

LOL you told not to invest 1 baht and I returned the advice

No, I asked you to not do. That´s a big difference. You told be, I don´t have a clue. Guess I must have been very lucky then. By the, keep reading newspapers. 

Edited March 13, 2020 by Matzzon

[Tayaout]

9 minutes ago, Yinn said:

POTY Yinn has the financial recommendation today for the TVF gang.

 

Sell.

 

The SET will FALL today.

Sure

Sure!

SURE!!!

You are a week late. Not a good time to panic sell with all the other sheeps. 

Edited March 13, 2020 by Tayaout

[metisdead]

An insulting post and the replies have been removed. 

[Thian]

14 hours ago, saengd said:

Read the link in post 12 above, its not long.

So GDP should decrease.....well we will see. And why did you have to go edit your post 12 and put the answer there? 

[Thian]

12 hours ago, DannyCarlton said:

Fall in interest rates.

Thai interest rates are much higher than in Europe, but to get a loan also here also costs much more than in Europe.

 

A mortgage costs much more in Thailand. In Europe it's around 1-2% if one takes a fixed rate for long term.

[saengd]

7 minutes ago, Thian said:

So GDP should decrease.....well we will see. And why did you have to go edit your post 12 and put the answer there? 

I don't recall why I edited post 12, it certainly wasn't to insert an answer for you however. I end up trying to explain a large amount of things regarding Thai economics and the Baht, to a lot of posters, across a number of threads. Sometimes it gets tiring having to repeat myself so often that it's occasionally easier just to point people at a previous answer, such was the case in your instance, sorry it wasn't a personalized reply.

 

EDIT TO ADD: I didn't say GDP will fall necessarily, I said GDP growth will fall, that's a very different thing. If we enter a recession, that's two consecutive quarters of negative growth, then GDP will decrease.

Edited March 13, 2020 by saengd

[Thian]

9 hours ago, shy coconut said:

Just about every stock exchange is down worldwide, so following your logic,  the

currencies of these countries would also be down, thereby no discernible change

in the exchange rate.

 

For disclosure anyone following my financial strategies would be a complete fool!!!

I agree but the EU is not that depending on  tourism as Thailand is...

[Thian]

3 minutes ago, saengd said:

I don't recall why I edited post 12, it certainly wasn't to insert an answer for you however. I end up trying to explain a large amount of things regarding Thai economics and the Baht, to a lot of posters, across a number of threads. Sometimes it gets tiring having to repeat myself so often that it's occasionally easier just to point people at a previous answer, such was the case in your instance, sorry it wasn't a personalized reply.

I don't mind but you could just answer in simple terms instead of links or directions to another post....

 

GDP has to decrease and the baht will get weaker....we will see.

[saengd]

2 minutes ago, Thian said:

I don't mind but you could just answer in simple terms instead of links or directions to another post....

 

GDP has to decrease and the baht will get weaker....we will see.

Everybody wants simple one syllable answers in two sentences or less, it's not that kind of subject, even then some posters won't read them! If that's what people want they should go read economics for dummies or similar.

 

I'm still not 100% clear what you're saying about GDP and Baht value, whether you're offering your own view or trying to say that's what I'm saying. For the record I don't necessarily link a fall in GDP to a fall in value of the Baht. The current account surplus has to be reduced for the Baht to fall in value but that doesn't necessarily mean a reduction in GDP.

 

I'm getting kinda tired of this whole piece now and the attacks from mostly idiot posters and trolls who want to run interference across every explanation, intended to benefit those people who want to understand things better. If anyone doesn't like what I have to say on the subject of economics or THB, don't read what I post, even better put me on ignore. If you want to contribute, great, if you want to constructively and courteously challenge, also great. But if you want to troll or insult, go get a life and find something else to do with your time because I'm not interested.

[Ventenio]

Anyone with half a brain knew the virus would negatively affect the world.  I got out in January.   I got in around 1994.   i might get back in, of course, but probably not for at least 6-months to a year.

 

why wait until AFTER the big fall......well, hope you sheepies learned something.  

[meechai]

13 hours ago, madmen said:

It's just the beginning and I'm expecting a 2008 style crash.

 

13 hours ago, DaRoadrunner said:

The way I see it the cause is a virus

 

13 hours ago, saengd said:

Exactly, and there will be a vaccine at some point plus the oil issue will blow over.

#1 This is a Much bigger Bubble than 2008 ..... it is 2008 + all the nonsense BS fix they taped on it

 

#2 Wrong the virus is just the needle... Yes there is a virus but the bubble it is popping was there & ready to burst...The virus is just the needle popping the existing bubble not the cause of it

 

#3 Vaccine is 1-2 years off at the soonest & again deals with virus not the bubble which was going to burst anyway

Edited March 13, 2020 by meechai

[Thian]

28 minutes ago, saengd said:

Everybody wants simple one syllable answers in two sentences or less, it's not that kind of subject, even then some posters won't read them! If that's what people want they should go read economics for dummies or similar.

 

I'm still not 100% clear what you're saying about GDP and Baht value, whether you're offering your own view or trying to say that's what I'm saying. For the record I don't necessarily link a fall in GDP to a fall in value of the Baht. The current account surplus has to be reduced for the Baht to fall in value but that doesn't necessarily mean a reduction in GDP.

 

I'm getting kinda tired of this whole piece now and the attacks from mostly idiot posters and trolls who want to run interference across every explanation, intended to benefit those people who want to understand things better. If anyone doesn't like what I have to say on the subject of economics or THB, don't read what I post, even better put me on ignore. If you want to contribute, great, if you want to constructively and courteously challenge, also great. But if you want to troll or insult, go get a life and find something else to do with your time because I'm not interested.

No you referred to a link you posted which i found and read..summary of the link is that GDP has to decrease...nothing more, you could as well have posted that as an answer to keep this forum more fun for all...who's gonna read all your extended articles and references? You don't have to post here, it's up to you...but if you post it would be nice if we all could easy understand it because economics isn't that hard or complicated...and yes i've studied it in my twenties.

 

It's all just about demand and supply, nothing more than that. When the demand of the thai baht decreases the baht will drop.

[saengd]

2 minutes ago, Thian said:

No you referred to a link you posted which i found and read..summary of the link is that GDP has to decrease...nothing more, you could as well have posted that as an answer to keep this forum more fun for all...who's gonna read all your extended articles and references? You don't have to post here, it's up to you...but if you post it would be nice if we all could easy understand it because economics isn't that hard or complicated...and yes i've studied it in my twenties.

 

It's all just about demand and supply, nothing more than that. When the demand of the thai baht decreases the baht will drop.

Sorry you thought my answer was too complex or lengthy, don't ask me any more, go find somebody else to help you!

[Yinn]

1 hour ago, DannyCarlton said:

All markets will fall today. Hold and wait for the recovery. The smart people are buying now, not selling.

Sorry Danny, you confused. Again. 

 

The market will go down today, and next week. 

 

If will go down= you sell.

 

If will go up= you buy. Very easy. 

 

If you listen to Yinn, you win with Yinn.

Yinn always win!

 

 

[Yinn]

12 hours ago, 4MyEgo said:

I have been buying as they decline, but they keep declining, as for the bottom, well, don't miss the rise, as it will rise, when is just a matter of time, that said, both of my portfolio's have taken a hammering, most people would cringe at the losses, I tend to focus on the dividends for now and wait for the calm after the storm, like you said, there are good value stocks being trashed on fear, remember 2008, dare I say it did rise again.

 

This is a great opportunity for those who have two things, 1) the money to keep buying more stock and 2) the cojones to sit it out

But you lost again yesterday, and more again today right? Not good plan. 

 

is very easy,

if will go down = sell

if will go up= buy. 

 

Win with Yinn!

[CharlieH]

As with any form of gambling , dont play with any more than you can afford to lose !

[Neeranam]

5 hours ago, gk10002000 said:

I have a pretty conservative portfolio here in the USA that yesterday was about 1 Million USD.  Today on paper at closing, it is down $78,000!  Sheesh!  I remember when I first barely had $60,000 total when I got out of the Air Force.   I invest for income and dividends and interest, so this surprised me.  T (ATT stock) really went down so I added another 150 shares just picking my way back in as I love its dividen.   No panic here as I do not need to sell or cash out and actually take the loss.  But to those similar to back in 2008 that were retired or retiring and had to pull money out or panic sold, they lost a lot.

In in the same boat with the crypto market. As a wise man told me, never invest more than you can afford to lose. 

 

$1 million should be enough to retire well in Thailand. Its all relative, my friend has lost $2 million in the last few weeks, but can sleep at night. 

 

I got lucky in early 2017, selling all my stock and buying XRP. I took profits, enough for a new car, pay off my mortgage 17 years early, and still managed to keep my stake. Playing with 'house' money is a good feeling. 

 

 

 

 

[DannyCarlton]

7 minutes ago, Yinn said:

Sorry Danny, you confused. Again. 

 

The market will go down today, and next week. 

 

If will go down= you sell.

 

If will go up= you buy. Very easy. 

 

If you listen to Yinn, you win with Yinn.

Yinn always win!

 

 

555 I'm not confused, you are. Sell when high, buy when low. Share dealing 101. Do the opposite and you will quickly run out of money.

[Neeranam]

1 hour ago, Ventenio said:

Anyone with half a brain knew the virus would negatively affect the world.  I got out in January.   I got in around 1994.   i might get back in, of course, but probably not for at least 6-months to a year.

 

why wait until AFTER the big fall......well, hope you sheepies learned something.  

This crash is not because if the virus, but it's convenient for the governments to blame it on. 

I've been telling my friends to sell stock for the last year. I'm no expert but after a 10 year falsely inflated bull market, there is only one way to go. Anyone not taking profits is rather greedy and those buying stocks in the last year, taking a huge risk. 

[Logosone]

14 minutes ago, Yinn said:

But you lost again yesterday, and more again today right? Not good plan. 

 

is very easy,

if will go down = sell

if will go up= buy. 

 

Win with Yinn!

 

Yinn, what if you saw the market go down and you went short, but then a piece of news spikes the price right up?

 

A lot of volatility in forex markets righ now. Is that an opportunity or dangerous?

 

Bigger stop losses?

[Susco]

16 minutes ago, Neeranam said:

I got lucky in early 2017, selling all my stock and buying XRP. I took profits, enough for a new car, pay off my mortgage 17 years early, and still managed to keep my stake. Playing with 'house' money is a good feeling. 

Just hold on, your XRP is almost back where it was early 2017, but yes of course you gonna tell us that you bought at the very lowest price of 2017.

 

Edited March 13, 2020 by Susco

[Neeranam]

24 minutes ago, Susco said:

Just hold on, your XRP is almost back where it was early 2017, but yes of course you gonna tell us that you bought at the very lowest price of 2017.

 

XRP is not bitcoin ????

So, you've shown you know nothing about the crypto market. 

You either can't read my previous post, or are calling me a liar. To be honest, I don't care which. However, you will not be communicating with me again, thanks to the ignore feature. 

[Yinn]

41 minutes ago, DannyCarlton said:

555 I'm not confused, you are. Sell when high, buy when low. Share dealing 101. Do the opposite and you will quickly run out of money.

55555 You confused.

 

Sell now. Buy back next month, will be low. 

 

Will be cheaper, because the market will FALL.

 

Very easy. You will see.

 

 

 

[Yinn]

33 minutes ago, Logosone said:

 

 

A lot of volatility in forex markets righ now. Is that an opportunity or dangerous?

 

 

Is dangerous opportunity. 

Be brave.

win a lot! 

Good luck Sir!

[Susco]

3 minutes ago, Neeranam said:

XRP is not bitcoin ????

So, you've shown you know nothing about the crypto market. 

You either can't read my previous post, or are calling me a liar. To be honest, I don't care which. However, you will not be communicating with me again, thanks to the ignore feature. 

The ignore function. The perfect tool for those who are losing the discussion.

 

XRP is a digital currency with no intrinsic value, similar to all other digital currencies. It's value is purely based on speculation.

 

One could go to a casino as well.

 

But just to show that there is no difference in behaviour between XRP and BTC, the below screenshot, and now promise that I'm on ignore.

[DannyCarlton]

5 minutes ago, Yinn said:

Is dangerous opportunity. 

Be brave.

win a lot! 

Good luck Sir!

Thais are habitual gamblers. Don't believe the stories you hear. 99% of gamblers are losers.

[anchadian]

The SET heading for another large fall today:

 

https://www.set.or.th/set/mainpage.do?language=en&country=US

[Logosone]

3 minutes ago, DannyCarlton said:

Thais are habitual gamblers. Don't believe the stories you hear. 99% of gamblers are losers.

I've often wondered if Forex trading is gambling. After all you can use strategies that let you win 8 times out of 10. You can set a risk management rules that mean you only lose 2% on account with each trade.

 

Forex trading can be gambling. But it doesn't need to be. It can be very profitable risk managed trading on strategies that win 80% of the time.

[4MyEgo]

56 minutes ago, Yinn said:

But you lost again yesterday, and more again today right? Not good plan. 

 

is very easy,

if will go down = sell

if will go up= buy. 

 

Win with Yinn!

Let's put it this way Yinn with no money invested in the stock market, you make no money, picking the bottom is hard, so we buy when the market is down, if it goes down further as it will, we just have to wait for it to rebound and it will, maybe not tomorrow, maybe a year or two or three, patience is a must and when the market does rise, we can then reap the rewards.

 

NEVER sell when the market is going down

ALWAYS buy when the market is going down in situations like this

BUY when the market is also rising

Stop and check that you have enough reserves to survive for at least 7 years based on your budget and let the market work itself out, eventually it is a win/win.

 

Win with Yinn, I don't think so ????