Dubai... is down 23% in the last 10 days. After soaring 64% in the first half of the year, Dubai's Financial Market General Index has collapsed 33.5%...
[3]
but if it is due to correct to where oil trades, it has a long way to go still...
Maybe it disconnected a while back, when The Fed flooded the world with money, and now it's pay back time?
[4]
And in case you were wondering, from when we called the top in Dubai after a "shell" company with no current operations IPO'd and was 36x oversubscribed... that company's stock has crashed 43%... [5]
[6]
Charts: bloomberg
