Most investors ignore the fact that the UAE has a sovereign wealth fund in excess of USD 1
trillion and the ruler of UAE is related to the ruler of Dubai. UAE also has 8 % of the world oil
reserves. This has no relation to the US and UK financial toxic assets/bailouts/ defaults etc
but the uniformed investors will panic and fear sell
their shares/golds/any other commodities (including currencies)
The Gulf states will stand shoulder to shoulder to help their brothers and they have the means
to do it. (not the Obama printing press)
Malaysian banks have a zero exposure to the Dubai default according to my research house.
Most of the exposure is to European, UK and US banks.
If the KLSE has a panic drop Monday you should step up and buy quality shares.
I myself will be monitoring my trading screen with my shopping lists (guess...hehe)
http://malaysiafinance.blo
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