GavinK
Crazy Mango
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Post by GavinK on Oct 12, 2016 13:23:19 GMT 7
Sorry for the newbie question but would the Money Market funds available here be subject to more or less risk given what's happening to the SET ?
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Oct 12, 2016 13:34:12 GMT 7
Sorry for the newbie question but would the Money Market funds available here be subject to more or less risk given what's happening to the SET ? There's no direct relationship between money market funds and the behaviour of the stock exchange. In general, money market funds are far less "exciting" than the stock exchange. I would only be concerned if the money market fund concerned held foreign instruments (or, more specifically, instruments not denominated in baht). There is a relationship between the stock exchange and FX rates.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Oct 12, 2016 15:20:07 GMT 7
Now down 5.2%.
It would appear that some people have information not available to the rest of us.
Facebook and Twitter (in Thai) are full of speculation.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Oct 12, 2016 15:32:12 GMT 7
Just heard, official announcement to be made at 4 p.m..
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Oct 12, 2016 16:13:58 GMT 7
Just heard, official announcement to be made at 4 p.m.. Statement has apparently been cancelled.
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curtaintwitcher
Crazy Mango
Majestically enthroned amid the vulgar herd
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Post by curtaintwitcher on Oct 12, 2016 16:23:00 GMT 7
...the baht/dollar is going crazy...something's afoot...
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siampolee
Detective
Alive alive O
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Post by siampolee on Oct 12, 2016 16:56:40 GMT 7
Time to turn to the alternative markets I presume. Saudi is cutting back, Deutsche Bank problems. Plus 'er what shouts and spends the money' has invited me to be her squire tomorrow and carry the credit cards as she conducts a nursery kitting out expedition for honourable grandson number 1.
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Deleted
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Post by Deleted on Oct 12, 2016 20:56:56 GMT 7
Now down 5.2%. It would appear that some people have information not available to the rest of us. Facebook and Twitter (in Thai) are full of speculation. It's all breaking news on google
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wildoats
Crazy Mango
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Post by wildoats on Oct 13, 2016 3:02:16 GMT 7
Quite often the quote is ... buy the rumour, sell the fact.
It appears that I will be joining our own Business Guru Fletchsmile and sell the rumour as the rumour is plausable and hard cold reality of the fact could create a period, maybe quite some time of instability, and the market hates instability.
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curtaintwitcher
Crazy Mango
Majestically enthroned amid the vulgar herd
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Post by curtaintwitcher on Oct 13, 2016 5:35:08 GMT 7
...spouse just made large deposits into his 3 local mutual funds: he thinks the stock market may be at or near a bottom...I hope he's right...
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buddahas
Crazy Mango
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Post by buddahas on Oct 13, 2016 9:51:11 GMT 7
Worst timing ever
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Post by mangomoney on Oct 13, 2016 10:47:10 GMT 7
SET claws back from 6.9% drop Published: 13/10/2016 at 04:00 AM Newspaper section: Business Murky local picture sends shares reeling Renewed anxiety over domestic factors sent Thai stocks into a tailspin, plunging 6.9% at one point Wednesday, as the baht headed for its steepest drop in four months. The SET index extended its sharp decline since Monday after starting the day on a sour note. The selling spree intensified once the afternoon trading session began. The main gauge sank by nearly 100 points before bargain hunting kicked in and helped the benchmark index claw back above the 1,400 mark. When the dust settled, Thai shares were down 2.5% at 1,406.18 points, a four-month closing low, in record trade worth 130.15 billion baht. more... www.bangkokpost.com/print/1109041/
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Post by Fletchsmile on Oct 13, 2016 10:49:04 GMT 7
Time to turn to the alternative markets I presume. Saudi is cutting back, Deutsche Bank problems. Plus 'er what shouts and spends the money' has invited me to be her squire tomorrow and carry the credit cards as she conducts a nursery kitting out expedition for honourable grandson number 1. Is that a picture of the outfit that she's picked out for you to wear tomorrow squire ?
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Post by Fletchsmile on Oct 13, 2016 10:53:45 GMT 7
...the baht/dollar is going crazy... something's afoot... USD / THB movements are mild compared to the stock market. Baht is weakening a bit, and if things take a turn for the worse it could weaken further. If foreign investment pulls money out of the Thai stock market or Thai bond market that can often put selling pressure on the baht if they convert it back to other currencies. In addition it together with domestic factors affects sentiment on the currency generally. I'd be more worried about the stock market itself though than the currency at this point.
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siampolee
Detective
Alive alive O
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Post by siampolee on Oct 13, 2016 10:58:41 GMT 7
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