Market Update 17/09 – 21/09
I’m going to keep saying it until elections occur. The news of it is making Thailand great again! A conversation with my father went along the lines of:
- Him: How does this really make a difference?
- Me: It may or may not, but the feeling will be that an elected government will be positive for the businesses because of their shorter term viewpoints.
- Him: So this makes the value of businesses rise by billions of baht in a day just like that?
- Me: Yes.
- Him: The market is stupid.
- Me: Yes.
peter satrapa-binder
i like this conversation and especially your last reply!:)
Peter Hawkins
Its not the market but those market participants who bought the news who may be stupid. Especially if the election does not deliver the increase in profits that they have anticipated.
Pon
participants = the market