Friday, November 27, 2009

DUBAI Crisis

Dubai wanted to be the world financial centre in Arab countries was a excellent idea. It is a small country with limited supply of crude oil.

Ideas are good if implemented properly. Highly gear is always danger to an individual, a corperation, even a country. High leverage leads to out of control. Have you heard of "throw money into the sea?" That's the palm-tree island all about.

The crisis was predicted, and expected from many big corperations. European countries are the loser in this crisis. USA may not invest much in middle east. Southeast Asia is also not involved much. Correction or panic selling may not be huge in Malaysia. On the other hand, grab the panic sellers for MAXIS, PROTON, DIALOG, CBIP.

Remisier@OH

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1991 B.A. WWU USA. 1992 Portfolio Manager. 1994 Remisier. 2005 Certified Financial Planner.