Thread: Dow drops 508 points, SET to test 500 barrier

will there be enough green ink to last till lunchtime ?

^^
Yep pension funds liquidate shares because the market is falling. The falling market causes banks to fail so the Government issues bonds to raise money to bail out the banks, so the pension funds sell more shares to buy nice safe bonds and the market falls further.

guess not

Last Update : 28 Oct 2008 11:04:00

Status : Open(I)



SET
387.40

-0.03
3,986.96

The Stock Exchange of Thailand: Your Investment Resource for Thailand's Capital Market

Originally Posted by Mid

will there be enough green ink to last till lunchtime ?

looks like, but the way it's going could turn red anytime

Last Update : 29 Oct 2008 11:53:54

Status : Open(I)


SET
395.87

-2.17

The Stock Exchange of Thailand: Your Investment Resource for Thailand's Capital Market


what's this all about markets regionally are green ...................

was +14, now red...once the panic sets in again it should visit at least 350 probably 330.

strange , institutions are net buyers today for a change but foreigners are heading to the exits ...........

now on the up again , looks like a support level at 395 , BOT ???

1 - they may be closing positions

2 - support no longer reliable, too many support lines have already emulated French military resilience...next is 350-360 then 320-330...meanwhile

2 - KEEP THE BOT OUT OF THIS!!!

keep my imaginary 395 outa it as well .....................

somebody needs to find the traders a new chef , lunches seem to be substandard .....

well the SET has rebounded, up 20% since its low

still a lot of bargains to catch, smaller stocks, most large cap are up, but small caps haven't recovered entirely, as they are being ignored. Great bargains

Originally Posted by Butterfly

well the SET has rebounded, up 20% since its low

My bets are firmly placed that major world indices are going back down to re-test those lows again. If it doesnt start today, now that election is finished, it will start friday with the non farm payroll data in the US.

yep, looks like down again...I wouldn't bet on the low but should be back into the 300s.

i firmly believe we are in a worse state than 2002- 2004 when the ftse went down to a low of 3400, with the current out look the set should in theory go to 300 or below the ftse 3300 - 3600 and the dow to 7500- 8000 to get back to fair value and then see a steady upturn in a couple of years.
i'm glad my pensions are not linked to any of these exchanges.

20 Nov 2008






set.or.th

Next stop 370, then could freefall through 350...but never mind trivia like global meltdown and domestic anarchy, can't see it break jing jing strong support at around 320 without something real nasty like a family bereavement.

Otoh, DJ is at 8000 and many analysts believe 7000-7200 (another 10%) is about right, so 50% off its high of just a few months ago could be closer to bottom than we think.

The sky has indeed fallen... oh wise ones...

350 for the SET is very cheap, the rebound might be spectacular

Originally Posted by Butterfly

the rebound might be spectacular

I reckon it will be....worldwide. The sp500 is due for another big relief rally any day.

......Sitting, watching..... and waiting

Over the past weeks there have been several strong short lived rallies, if you can call them that, with money entering to waff up real cheap stock for a day or two before then selling off to smash them back down further. Don't kid yourself, whilst money is leaving to prop up other obligations, the big cheeses are not getting poorer.

No wisdom needed, best we can do is guess, but within 5-10 pts the major manipulators know where the bottom is and without any inconsiderately timed bucket kicking that's where it'll stabilise and start to recover.

Originally Posted by Butterfly

350 for the SET is very cheap, the rebound might be spectacular

Is there such a thing as a 'firesale' value on any of this stuff? There must be an intrinsic value somewhere - if so, then that's where the real, last-resort botom will surely lie.

the property market in London is still downwards!
I've heard it said that property moves before the stock market.

Where's the recovery?

Looks like the stuff is headed towards toxic territory over the range of that chart, at least.

Originally Posted by watterinja

Is there such a thing as a 'firesale' value on any of this stuff? There must be an intrinsic value somewhere

you have to look at it from different angle, so there is not a single parameter to look at

Cheap price to book, high dividend yield, and guess what, a good number of SET companies this quarter have reported record earnings !!! didn't think it was possible but apparently they still manage to perform well,

Originally Posted by watterinja

Where's the recovery?

anyone guess, low investor sentiment seems to dominate these days, the good news is that the crowd is almost always wrong, that's why they never make any money in the stock market