Last Updated : 30 November 2009 at 10:35 IST

Can UAE central bank bail out Dubai World?

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By Mike Swanson
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.

Mike Swanson is Editor, WallStreetWindow