Monday 13 July 2009

Fantasy world of stocks July 2009 (Re-post)

The collapse of the Saad and Al Gosaibi (AHAB) groups of companies has hardly ruffled the feathers of the pundits at Sharewadi’s Dubai Share Talk. They have larger concerns over there, like trying to eke out the minor gains to be had from timing bounces in moribund stocks like EMAAR and UPP.

There are no princely gains to be made by buying on any time frame in an established long-term bear market.

Oh well. The girl who cried wolf and all that… I guess. I hope the “silent majority” who check market commentary websites are a little more… … you know…

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