Market Update 01/06
And the market goes and goes, wall of worry continues to be climbed. Just imagine what happens when oil goes another +5-15% from here. Then we’ll see the SET north of 1,400. If Thai banks have their liquidity issues sorted out by the BoT, then 1,500 is possible..tourism shows signs recovery.. then 1,600. Or it all crashes in the next 1-2 months when people see that it won’t be back to 100% for another 12-18 months and businesses have lost 4 months of revenue, with increased debt that has to be paid back and consumers bank accounts are empty, with increased debt as well.