Editor’s Page MONEYworks magazine There is a buzz of optimism now that some top policy makers P O Box 10656, Dubai, UAE Telephone: +971 4 391 2160, Fax: +971 4 391 2173 are talking about green shoots of recovery. Of course, cynics Email:
[email protected] Published by will laugh, while many investors would want to cling on to Ben Rasalmal Financial Publishing FZ-LLC Bernanke’s statement indicating that some markets are seeing A Dubai Media City Company Telephone: +971 4 391 2160, Fax: +971 4 391 2173 signs of fluttering again. But then, markets have their own Email:
[email protected] dynamics. They just won’t listen to anybody and at best are Board of Directors Saud A. Al Amri - chairman unpredictable, even more so at times like this. Abdulaziz Al Mashal Greg Hunt Having said that, we’re, undoubtedly much better off now, General Manager rather than six months ago, in terms of volatility. In fact, Don Taylor Distribution there are indications that data is improving in certain markets, Dar Al Hikma, Dubai, UAE, Tel: +971 4 266 7384 although some of that has reversed again. What’s most important to note is that Jashanmal, Abu Dhabi, UAE, Tel: +971 2 673 2327 Printing indices are no longer have a one way ticket, heading south. There’s a lot of two- Nabeel Printing Press LLC, Ajman, UAE, Tel: +971 6 743 4445 way action going on which is, probably, the first sign that we might be past the Cover Image Dreamstime worst. This does not, however, mean that we are headed up again, as there’s the Editor likelihood of more corrections than not in the next few months on whatever gains Utpal Bhattacharya Deputy Editor markets might make in the very short term.