Thai Stocks Erased $23 Billion Of Market Value Today

[kokothemonkey]

too late, that money is gone

who in their right mind would invest in thailand when it is obvious that the leadership has NO CLUE as to what they are doing?

better to give your money to a bargirl and have fun before lose it all

Edited December 20, 2006 by dr_Pat_Pong
URL removed as per TOS

[African]

Thai stock market investors are clearly the losers with this rule. The Thai central bank has already lifted some of the controls. Check out the reaction from some of the industry's top analysts:

" Our assessment: These capital controls are harsh, as they are basically the same as putting a tax on any speculative flows over a period of less than one year. Hence, it marks the first time since 1998 that Asia has imposed capital controls. The Thai authorities could have attempted to slow the appreciation pressures from speculative capital flows into THB by other means - for example, by lowering interest rates. In our view, the capital control measures are a step in the wrong direction and could have a long-term negative impact on the Thai market, as there could be a loss of confidence in the Thai authorities’ ability to control the economy."

"Market implication: The measures have had a dramatic effect - especially on the Thai equity markets. This may be an overreaction and we may see a rebound in the coming days. That being said, as indicated above, we think this is a very negative step for Thailand and it may have a more long-lasting effect on equity and currency markets. We do not expect the strong appreciation trend in the THB seen in recent months to continue. The move has also had a negative impact on other Asian markets and has probably spilled over to other emerging markets. However, we expect this reaction to be short-lived, as we do not expect other Asian countries to impose similar capital control measures - and, eventually, investors will realise this." - http://www.fxstreet.com/fundamental/analys...2006-12-19.html

Sriyan Pietersz, head of research at JP Morgan, said: “It’s like hitting an ant with a sledgehammer.”

"JP Morgan said in a note to clients on Monday that the "draconian measures" could prompt foreign investors to switch into Indonesia and Malaysia. "

[britmaveric]

[lingyai]

Depends the investor.

Those who are going bring money (in dollars) in to invest for more than 1 year just saw the baht fall, making their investment a bit cheaper.

Also some exporters got a much need pause in the baht's rise.

not all bad.

[kokothemonkey]

Depends the investor.

Those who are going bring money (in dollars) in to invest for more than 1 year just saw the baht fall, making their investment a bit cheaper.

Also some exporters got a much need pause in the baht's rise.

not all bad.

A pig in a dress is still a pig. Much safer and more stable places to invest instead of a third world country run by a junta.

Also don't forget the bombings in the south. Only a matter of time before they begin in Bangkok.

Edited December 19, 2006 by kokothemonkey

[African]

"They just didn't understand the markets," he said. "This exposes a weakness in the technocrat dominated government. They were more dependent on theory, and less sensitive to how the real world, and real markets, operate."

http://news.yahoo.com/s/ft/20061219/bs_ft/...920061150338745

[sriracha john]

'the monkey'

Also don't forget the bombings in the south. Only a matter of time before they begin in Bangkok.

nicely appropriate nick, but does that have anything to do with the OP?

[lingyai]

Market overreacted yesterday.

It is up 5.8% (so far) today. I expect most of the loses to be recoved in the next 2 weeks.

[Jai Dee]

This subject is continued in this thread.

/Closed.

[dr_Pat_Pong]

Depends the investor.

Those who are going bring money (in dollars) in to invest for more than 1 year just saw the baht fall, making their investment a bit cheaper.

Also some exporters got a much need pause in the baht's rise.

not all bad.

A pig in a dress is still a pig. Much safer and more stable places to invest instead of a third world country run by a junta.

Also don't forget the bombings in the south. Only a matter of time before they begin in Bangkok.

See you next life loudmouth