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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (5469)	3/17/2008 12:45:24 AM
From: Elroy	Read Replies (1) \| Respond to of 20435

Not for another 90 minutes or so. They'll probably fall a bit, but not as bad as other regions. With oil above $100 the liquidity concerns that are affecting the US here are really non-existant, but the local markets will fall on sentiment anyway. I think UAE stocks are about as good a pick globally as you can find these days. You've got excess liquidity here, major development ongoing and planned for the next 20 years, and the possibility of a currency depeg which would strengthen the local currency.