Given the market action today and the likelihood that it will continue to decline tomorrow I thought I’d throw in my two cents here. At the beginning of this month my partner did a quick analysis pulling together the highest target prices for companies in the SET50, discounting them 10% (b/c its very rare that a large cap ever hits an analyst’s target price) and then calculated what the market peak may be. While this isn’t the most analytical methodology to analyse the SET Index it does help to present a simple picture.