SET Index : A move below 1000 is imminent.
September 19, 2011 Leave a comment
As discussed many weeks ago the SET Index will fall below 1000 points. Of that we are sure. The sick joke that is emerging from Europe fooled markets last week, but we can be certain of one thing : European governments simply do not have a) the tools and b) the political will to solve the debt issues, no we fully expect Asian markets to beak recent lows, and for the SET that means 980-988 or so will be revisited before long. As such treat the rebounds as an opportunity to sell, and as noted several weeks ago be increasingly careful buying for the rebound.