In USD terms, the SET is back to being down for the year…is that it? Is that all we got from USD 10 bn of stimulus??

Yes.

There are only two industries that have rocked this year, the telco’s – advanc, true, and the electronic, DELTA – other than that it’s been a dead market….

Earnings seasons are done…news flow is back…we’ll see what happens…although in my mind the year is done by next week. Thailand is on holiday for the whole of December – nothing will happen.