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Current DateTime: 01:26:28 02 Dec 2009
LinksList Documentid: 23371764
    • Dubai Stocks Could Fall a Further 30%: Charts

        The Dubai stock markets were roiled this week following news that the country needs a deadline extension to its debts totaling $60 billion. The good news is that the benchmark DFM index will likely find support at 1,900, according to analysis of its past trading patterns. The downside, however, is that the index could easily fall to 1,300, if the emirate's debt problems are not contained.

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Current DateTime: 01:26:27 02 Dec 2009
LinksList Documentid: 30111251
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Are airline stocks losing altitude as crude oil futures take off again, moving into the $100 a barrel territory?  The AMEX Airline Index [.XAL  Loading...      ()   ], an airline sector tracker has dropped more than 24% in the past six months, weighed by a surge in oil but is actually up 3% YTD.

In an almost perfectly inverse move to the AMEX Airline Index, crude oil has increased more than
34% in the past six months due to geopolitical tensions including the recent Turkish invasion into oil-producing northern Iraq and the possibility of OPEC cutting supplies at its March 5th meeting.

All of the Amex Airline Index’s 14 constituents are  trading down for the past six months, with the exception of Alaska Air Group [ALK  Loading...      ()   ], which is up 12.57%.  The worst component has been US Airways [LCC  Loading...      ()   ] falling more than half of it’s share price in six months.  However, since the New Year, 9 of the 14 stocks are actually up YTD and United is just shy of being positive for the year.  Merger talks have helped drive the rebound as synergies from consolidation will help offset increased fuel costs.  Continental Airlines [CAL  Loading...      ()   ] has surged 33% since January.

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Current DateTime: 01:01:47 02 Dec 2009
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