Dubai Fear is 'Noise' - Stay Fully Invested
Phil Orlando, chief equity market strategist at Federated Investors: “This Dubai situation, we think, is noise. …The hit potentially to the U.S. banks are about $10 billion for Dubai, and by comparison, AIG was $180 billion. So we think this little hiccup we’ve seen in the markets may represent a nice buying opportunity.”
Posted on November 30, 2009
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