Weekly Newsletter - Nov 28 2009

Once considered the magnet for international investment, Dubai is now repelling bulls world over. The debt problems in Dubai are having a cascading effect as panic sets in amongst most markets. The markets were waiting for an excuse to move up or down; and the Dubai default fear gave the bears reason to step in. The coming week will see a lot of stock-specific action based on the perceived impact due to the Dubai-issue. A section of the market believes that one should not co-relate too much as the market was anyways feeling heavy at the top. Take each day as it comes and the coming week sure will offer a lot in terms of good bargains. Picking up the large caps at lower rates would be a relatively safer bet for the coming week