Re: thai baht rate update
Quote:
Originally Posted by juswan2knwu
Though actual slip shld fall oni after the event, we hav witness many times in the stock market tat wha move market is "feel" & nt economics. Market fall & rise in anticipation of actual event & nt wha is actually happening. Tis is especially so when the market has rise seriously abv value which is sustain by punters' "feels". So, if market heads 4 a small dwnfall & ppl start throwing the towel, its will be disasterous, unless chinese govt. steps in (which they might as they hav the means).
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Buy on rumour, sell on fact & vice versa. So, some bigger players juz need to trigger a spike (up or down), then use the market forces' strength as a form of support, playing with market sentiments / emotions / panic!
Quote:
Originally Posted by juswan2knwu
As china & emerging markets,...which will bring U ~10% annual growth
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BRIC
Quote:
Originally Posted by juswan2knwu
P.S
I actually predict it during Jun last yr but it happened a mth earlier & it was more of a major correction than a bear which I wld attribute it 2 the "dotcom" which disrupt the "10-yr" cycle. Since, it didn't drop as much as I anticpated after nearly a mth, I expected it 2 climb bk up 2 3000 pts which it almost did (2900++) b4 (I tk it will) heavily correct in 1~2 yrs time (but I tk wun be 2 disasterous as a result).
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As the saying goes, "sell in May & go away!". Jun is traditional a rather quiet month.
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