Thursday, November 18, 2010
SET Index and politics
What has the stock market's SET Index got to do with politics?
At least one political columnist, T. Sak of Thai Post, insists that if the SET Index crosses the 1,000 point, that means House dissolution and a new election is just around the corner.
"I made that prediction sometime ago. Today, I still stand by that assessment," he confirmed this morning.
Why? The columnist says when the stock market gets a sudden jolt and the prices rise dramatically, that means some politicians are actively involved in pushing the prices up...."in order to make financial preparations for the election campaigns."
You will have to read between the lines there. I think I know what he means. But then,
he doesn't necessarily have to say it in so many words.