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Monday, December 07, 2009
Dubai and UAE Stock Exchanges Continue to Tank
Both the Dubai Financial Market and the Abu Dhabi Securities Exchange are trading down Tuesday morning, down 5.4% and 1.1% respectively. This is the continued follow-up effect of the Dubai World debt problems.
Dubai bubble is bursting just like few years ago when S-chip buble burst. I believe Dubai markets will continue to tank over next few months, this market correction suddenly became a downtrend with many selling into 'corrective' rallies because the Dubai problem will take some time to settle down. ___________ Forexyard
Dubai bubble is bursting just like few years ago when S-chip buble burst. I believe Dubai markets will continue to tank over next few months, this market correction suddenly became a downtrend with many selling into 'corrective' rallies because the Dubai problem will take some time to settle down.
ReplyDelete___________
Forexyard