http://noir.bloomberg.com/apps/news?pid=20601087&sid=aInYJSa1fAUI&pos=2
As I had said last year , Dubai is a long term buy.
It may be possible that the long term up move has just begun.
It looks to have bottomed.
It fell in 3 steps after peaking.
Even real estate seems to be close to a bottom after falling 50 to 70%.
It may take a small dip - once the WEST peaks but that should be it. It may even not happen. I dont know.
But if you look at the next 3 -5 years then the up move has most likely begun.
I am bullish at this point.
Oil prices have got nothing to do with the DFM index.
It has languished while oil tripled from 33to 120.
I will post a chart later tomorrow.
As I had said last year , Dubai is a long term buy.
It may be possible that the long term up move has just begun.
It looks to have bottomed.
It fell in 3 steps after peaking.
Even real estate seems to be close to a bottom after falling 50 to 70%.
It may take a small dip - once the WEST peaks but that should be it. It may even not happen. I dont know.
But if you look at the next 3 -5 years then the up move has most likely begun.
I am bullish at this point.
Oil prices have got nothing to do with the DFM index.
It has languished while oil tripled from 33to 120.
I will post a chart later tomorrow.
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