THAI STOCKS FALL
The Thai Govt has done a U-turn on the restrictions, but the market is still spooked.
Will their move scare foreign investors out of Thailand and out of Asia, or just out of Thailand, and into Malaysia?
Are we going to go through another '97?
Some think that the signs are there as
1. The past 2 decades was more or less a 10 year cycle. back in '86 and the infamous '97
2. '97 started with a Thai meltdown
if we're truly honest to ourselves, we'd realise that our fundamentals are not that good.
and recently, i-forgot-which minister or bursa guy said that the surge in KLSE was due to foreign investments.
Is it here again?
Is the downturn coming?
Lulu is afterall, just a lulu. Advise her.
What do YOU think is going to happen?
This is the intraday KLCI movement as of this morning. Market looks undecided.