Finally the news to jump start the year end windows dressing is here

Finally the news to jump start the year end windows dressing is here: "The main news overnight has been Abu Dhabi’s $10 billion bailout of Dubai World, which saw Asian equity markets and US index futures surge. Finally the news to jump start the year end windows dressing is here. If we all still remember, end of year 2007 subprime crisis start in US and the effect just hits Asia after above 2 months and before the crisis hits Asia US had send a message 'Don't worry We will take k of everything' and roll out some good news about the crisis that will hits us in 2 months time. Now Dubai crisis look like the same which subprime crisis.
























However for Dubai case the effect on China, India, Japan and Korea will be low due to they did not really promoting Islamic banking and Islamic bond sukuk but for Malaysia the effect is 'Sum Of All Fear'. Malaysia had promoting Islamic banking since begin of subprime crisis early of the year 2008 and I think the Dubai effect on Malaysia is big and will hits us vary hard. Now we know foreign investor is pulling out money from Malaysia and till now the situation is not getting better so when Malaysia market collapse the market will no support for it to hold.

For now we still did not feel the effect from Dubai crisis but I think the market may collapse with a sharp price drop in around mid of February during Chinese New Year so I think better pull out all the money in share by end of January 2010 so that may celebrate CNY with peace of mind.

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