Commentary: Umesh Pandey
The past week was nothing but a bloodbath on the Stock Exchange of Thailand, as investors lost millions and got burnt in ways not seen in more than a decade locally.
To put it in context, the SET Index in 10 trading days this month fell by about 10%, and on some days the dip was in excess of 5%. This kind of volatility was not seen even at the peak of the last global crisis of 2007-08.
A good long-term investor usually would take such an opportunity to collect some good-value bargains. But such a sharp decline in the market is like a falling knife: no matter when you try to catch it, you’re going to bleed. So the best option is to let the market settle and then make a move.
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