Thailand & Korea bottoming out? Message Board

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Strategies & Market Trends : Thailand & Korea bottoming out?

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To: Spekulatius who wrote (13)	6/11/1997 10:40:00 PM
From: JEFF CHAPMAN	of 26

Something to chew on.... >> "One of our clients actually told us that the situation was getting really 'weird' and that it was difficult trading when the rules of the game changed everyday" said an analyst requesting anonymity. "With so much uncertainty, investors are beginning to consider the market too risky and this translates to stock prices falling," he said. An analyst at James Capel echoed the sentiment and believes that the BOT's latest currency control directive is unlikely to be the last investors will see and that the stock market would have to battle more problems before the situation improves. "Right now the central bank is only solving problems that they are already facing . It is like 'when they get the itch, they scratch it'. They are not looking into the future to pre-empt problems they are likely to face at a later date," he said.

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