Switzer on Saturday

Doubting the doubters in Abu Dhabi

Founder and Publisher of the Switzer Report
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I started this piece in a shopping mall in Abu Dhabi. I’m here to attend the Grand Prix on a fact-finding mission! Yeah, I know it’s a tough life but hell, someone has to do it.

My economic and market analysis is competing with the incongruity of an ice rink in the middle of the desert with cute little kids in black burkas whizzing around the rink!

Life’s little amazing shocks aside, it has been a disappointing week for stocks, with the S&P/ASX index down over 3%. But why are we ignoring Wall Street, which keeps breaking all-time high records. Most of us expect to play follow the leader with the NYSE but it seems to be a one- way street and it’s downhill!