Chart of The Day: Do Buy Dubai

Presented with little comment aside to remind those momentum junkies about to pile in to this surely-fundamental-driven rally (and best-performing stock market in the world in 2014) that a “blank check” Dubai IPO was recently oversubscribed by 36x.

 

 

Of course – we’ve never seen anything like this before in Do-Buy!!

Chart: Bloomberg, h/t @investir_ch




via Zero Hedge http://ift.tt/1kTmsVD Tyler Durden

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