An irreverent look at Wall Street
I like how companies that has no ties with the Arabs got sold off like a bad habit this morning... oh well it pays to have some cash laying around!
Palmoni is this sell off real or will we all get a bounce back up? I thought everyone knew about dubai and the bubble?
I think is is one day deal--None of this is new--except the idea that Abu Dhabi would leave its sister out in the cold without their support.So let the banks get dinged--the action in gold shows this was somewhat orchestratedThe cockroach theory is that if Abu Dhabi is letting Dubai look for a standstill agreement--then there must be more trouble under the surface.I think it's a one off deal--just another Black Friday sale that you had to get at early!
The news was released on Wednesday during trading hours and the market didn't give a crap about it. It was until Thursday that did the media make a big deal about it when everyone was asleep.This move seemed way too planned... I mean what were the odds that something happened over Thanksgiving?? Give me a break!
After all the stimulus and the slow improvement in global economies ... will the major OECD govts let Abu Dhabi play russian roulette and send the economic recovery into a tailspin.Unlikely. There will be pressure on UAE to get this resolved
I bet AIG sold CDS protection for Dubai Holdings...
Cig butts burn off while sitting in the sand.
What an a$$!!! And a blond to boot!You know us Arab men, always fascinated by Western women, our preferred status symbols ;)I agree with the anonymous comments here. Of course nothing serious is going to happen. And I AM betting our favorite bailed out companies have made a killing short-selling Dubai debt insurance.
have to agree with khalid.funniest comment of the day!
preferred status symbol...OMG too funny..i'm betting with him
Not a smoker but I believe if the cigarette burns down to the butt in the sand, you'll have some ash you can look at!
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