Marc Faber takes a contrarian view on UAE stock markets
Posted on 24 June 2011 with no comments from readers
Disappointed by the MSCI decision to delay including the UAE into its emerging markets index the markets sold off this week. But in this video shot on the floor of the Dubai Financial Market, ArabianMoney.net editor and publisher Peter Cooper sees reason to be optimistic about the longer term outlook.
He takes a classically contrarian approach and thinks this is an opportunity not a setback. The man voted the world’s fifth wisest investor in a Bloomberg poll, Dr Marc Faber, told ArabianMoney he also agrees with this contrarian position.
Dr Marc Faber is a reader of the monthly ArabianMoney newsletter that he recommends as a source of regional investment advice and analysis (subscribe here). Next month’s edition looks in more depth at how best to play the opportunity now opening up in the UAE bourses.
(To see the video click on this link)
