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Dubai World Bailed Out! - Mike Swanson (11/29/09)

The news you had to know was coming just came. The central bank of the United Arab Emirates just announced that it was going to bail out Dubia World.

If you were paying any attention to the stock market last week then you know that the announcment by Dubia World, a state owned holding company with $59 billion in debt that it was looking for creditors to give it a six month free window on paying interest sent shock waves through the world markets and brought bears out everywhere.

Many people saw it as the start of a huge correction. Some CNBC talking heads were calling for a collapse.

But I actually sent out an alert to my premium members saying not to fear and used the Friday morning weakness to increase my long positions. I put my money were my mouth is.

What the bears are missing is that tops don't happen in an instant or on one news event. They are a process that takes time to unfold. And many of the things needed to be able to say we are at a stock market top simply aren't there yet.

Until they come you have to go with the trend of the market - which is up. And will probably accelerate to the upside from now until the end of the year.

Ignore the doubters! Don't get shaken out because of some worry wart on CNBC.

Dave Skarica of Addicted To Profits sent me a great report showing you the things to look for in order to spot a market top. In his report he even goes over the past major tops in the stock market so you can use them as a road map for right now. I recommend you read it by clicking here.

This Skarica report is for his paying subscribers. But he gave me permission to just give it to you, because I believe you really need to know these real indicators of a top and just get scared for no reason.

Just remember making money in the stock market isn't that complicated. All you need to know is identify what the broad market trend is and adjust once it changes. At times all it takes is glance at a chart.


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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.

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This is reality.

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