The Rearview Mirror Didn't Work On Monday

[Knightsbridge]

Well, my anticipated average 10 % increase (realised from working out the drop% for 19 December 2006 ie 305 Capital cntrol enforced)on the SET didn't happen. Instead Japan's markets took a rumble from the decreasing $ and there were more recession moans in the US. All this it rippled through to SE asia.

I also anticipated a further increase in oil, and as the morning was so quiet for PTT stocks I purchased more PTTEP , but in the the aftenoon and today they dived ....oops...did many know that the govt would bring in energy restrictions - ie 1 hour blackouts etc ... again? (smacks of Thaksin)

Guess I shoudn't be a rearview mirror speculator, but patiently just expect the surprises.

And thanks to Thaksin for criticising the last government in the media - that does make things a little unsettled...

So with the high $, a country with an economy that's 75% export, and quibbling leaders this could be a downrun for the SET -- a boon for those with equity to spend ...