Thread: Baht is it going to bottom out?

Originally Posted by 9999

If the Baht is going to bottom out, is defo is not going to be today.

It was 44.75 for the uk pound at siam exchange near Asia hotel today, thought that was high, Oz dollar 30.4 They even threw in 90 baht extra in the change by mistake.

The $AUD is down about 6% ahainst the baht this year I think.

Originally Posted by ltnt

S.E.T. off by as much as 60 points, closed down 50+ points. Reflection on the instability of the Thai economy and hyper inflated baht by a government in deep financial trouble.

In a country where the government controls the news, all physical economic reports, banking and stock exchange how would one ever invest in that country with all do respect?

The bubble is about to burst!

Because there are some good Thai companies.

Originally Posted by draco888

Because there are some good Thai companies.

How can one know the difference? Thai companies are after all is said and done, still Thai.

I remember thinking about investing in the Hong Kong stock exchange. A Chinese friend of mine said are you crazy? Chinese play the stocks like they gamble on the lottery. Never play Asian stock markets, he said.

Originally Posted by 9999

You're such a square butters I doubt you ever made a bet in your life

sorry, I am not into game of vice, like you are

Originally Posted by ltnt

S.E.T. off by as much as 60 points, closed down 50+ points. Reflection on the instability of the Thai economy and hyper inflated baht by a government in deep financial trouble.

In a country where the government controls the news, all physical economic reports, banking and stock exchange how would one ever invest in that country with all do respect?

The bubble is about to burst!

yeah, the SET was crashing a bit, nothing unusual, happens when the performance of the SET has been strong for a number of weeks, overseas investors taking profits and the high exchange rate adding an extra performance if they can repatriate those profits with a strong THB

might go down a bit more, buying opportunities for sure, as it was difficult to get anything at a decent price

Originally Posted by draco888

Because there are some good Thai companies.

it's a bit vague, isn't it ? it's like saying "Gold is good"

Originally Posted by 9999

a chicago mafia old school smoky poker room is more legit than the friggin SET!

by which standards ? yours ?

I think the standards of an overweight serial whoremongering SET player would be more valid

Originally Posted by Butterfly

Originally Posted by 9999

You're such a square butters I doubt you ever made a bet in your life

sorry, I am not into game of vice, like you are

Having sex with thai male prostitutes dressed as women does not constitute as a vice in your world?

Originally Posted by Butterfly

Originally Posted by draco888

Because there are some good Thai companies.

it's a bit vague, isn't it ? it's like saying "Gold is good"

What a classic! From someone who is never willing to say anything except your investments beat everything else....in hindsight of course.

Nevertheless you remain great comedy

Originally Posted by 9999

I think the standards of an overweight serial whoremongering SET player would be more valid

you are the one making the judgment call on the SET, not me

however, for poker games, that judgment call is quite clear, it's a game of vice by all standards (except for criminals of course)

prostitution is not a game of vice, just so you know

maybe try to read a book or something, or better yet, get an education

Originally Posted by draco888

Having sex with thai male prostitutes dressed as women does not constitute as a vice in your world?

is it ?

how is sexual preference or sexual games a vice in your world ?

Originally Posted by draco888

What a classic! From someone who is never willing to say anything except your investments beat everything else

I have yet to see any recommendations of yours outside Gold,

I did a few back then, told you already, about Thai stocks, there is a thread about it, why don't you read it and compare them with your own performance

Originally Posted by Butterfly

Originally Posted by draco888

Having sex with thai male prostitutes dressed as women does not constitute as a vice in your world?

is it ?

how is sexual preference or sexual games a vice in your world ?

That's up to you to decide. If you think playing cards for a living is a vice and having sex with male prostitutes is not........

Originally Posted by Butterfly

Originally Posted by draco888

What a classic! From someone who is never willing to say anything except your investments beat everything else

I have yet to see any recommendations of yours outside Gold,

I did a few back then, told you already, about Thai stocks, there is a thread about it, why don't you read it and compare them with your own performance

I have never seen any recommendation from you except

1. Don't buy gold. This proved to be costly advice
2. Buy an expensive car. Likely also to prove costly

You have also claimed 99% of private investors lose money, another barstool fiction. But keep them coming!

More bad news from the UK
Fresh blow for UK credit rating - MSN News UK


The UK's credit rating has suffered a fresh blow after a major agency placed it on watch for a downgrade.

Fitch warned the country faced a negative outlook days after Chancellor George Osborne unveiled dire growth and borrowing figures in the Budget.

Another of the big ratings agencies, Moody's, became the first to strip Britain of its gold-plated AAA assessment last month.

Fitch has placed the UK on "rating watch negative", indicating there is a "heightened probability of a downgrade in the near term".

It expects to complete a full review of the sovereign credit rating by the end of April.

The agency said the move "reflects the latest economic and fiscal forecasts published by the Office for Budget Responsibility (OBR) that indicate that UK government debt will peak later and at a higher level than previously expected by Fitch".

The OBR is now predicting that general government gross debt (GGGD) will peak at 100.8% in 2016-17 - a level Fitch has previously suggested would result in a downgrade.

"The persistently weak performance of UK growth, in part due to European growth, has increased uncertainty around the UK's potential output and longer-term trend rate of growth with significant implications for public finances," said the agency.

Shadow Treasury minister Chris Leslie said: "This is yet another blow to a downgraded Chancellor who made keeping the confidence of the credit rating agencies the number one test of his economic policy. What really matters are the economic realities which Fitch are responding to including, as their statement says, 'the persistently weak performance of UK growth'.

"George Osborne's plan has catastrophically failed on growth, living standards and the deficit. But instead of a change of direction and action to kickstart the flatlining economy all we got this week was more of the same failing policies. That's why this more of the same Budget will be remembered as a wasted chance to change course before it was too late."

So 9999 and butter's what's a good SET stock? All the Government backed stuff, which is 99% of the SET?

Using the statement by the friend as an allegory regarding investment in Asian stock markets. Similar to the general statement that, "when the cab drivers in NYC are investing in the stock market its time to get out." Capich!

Originally Posted by 9999

And square is not cool. Bad ass poker player is very cool

only in their own minds

to others they are just gamblers indulging in their vice

Originally Posted by ltnt

A Chinese friend of mine said are you crazy? Chinese play the stocks like they gamble on the lottery. Never play Asian stock markets, he said.

oh right, so he knew everything

all countries play the stocks like that, as they are a gamble; although often an informed one

Originally Posted by ltnt

Originally Posted by draco888

Because there are some good Thai companies.

How can one know the difference? Thai companies are after all is said and done, still Thai.

I remember thinking about investing in the Hong Kong stock exchange. A Chinese friend of mine said are you crazy? Chinese play the stocks like they gamble on the lottery. Never play Asian stock markets, he said.

Thats good enough for me, if your friend says that never play on Asian stockmarkets , then thats something that I shall never do.
What does your friend have to say about the future of the Pound, please ask him and advise .
Thank you

Originally Posted by Fluke

What does your friend have to say about the future of the Pound, please ask him and advise .

He says that if you gotta ask, then its a sure bet you're about to do something stupid!

Originally Posted by DrAndy

oh right, so he knew everything all countries play the stocks like that, as they are a gamble; although often an informed one DrAndy is online now Add to DrAndy's Reputation Report Post Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!

I'm glad you're not my broker Andy. Please do invest in the Asian markets. My friend says: You deserve it.

Originally Posted by ltnt

Originally Posted by DrAndy

oh right, so he knew everything all countries play the stocks like that, as they are a gamble; although often an informed one DrAndy is online now Add to DrAndy's Reputation Report Post Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!

I'm glad you're not my broker Andy. Please do invest in the Asian markets. My friend says: You deserve it.

Does your boyfriend also know how to solve the problems in the middle east?