Damn
Lawyerkill
-=DirtBag©
> The futures are already down 177 points
wtf?
Robert Cohen
The Dubai $40 billion default is current bad news threatening
a domino effect for tomorrow, predict a bleak Friday, and, yes, if
oil rich Dubai
is up shit creek, then USA is seemingly w/o that paddle (so use
hands?)
Here's pertinent Bloomberg report, the last coupla paragraphs will
wrench out your
long heart--if short, congrats, you was right all along, damn those
cynical, rational, realistic dooms-dayers
http://www.bloomberg.com/apps/news?pid=20601086&sid=aHtXKA26xU54
Robert Cohen
MENDRISIO, Switzerland — Amid a global frenzy fed by hedge funds,
speculators and governments all rushing to stock up, the price of gold
briefly surpassed $1,100 an ounce on Friday, a record high.
NY Times Topics: Gold
VegasNightOwl
could spill into next week with some pretty bad results and there is really
nothing we can do. We have our own problems that we can't seem to get out
of, let alone trying to help others with similar problems, or worse.
A 1500 to 1800 point pullback over the next couple weeks.
VegasNightOwl
"Lawyerkill" <Lawye...@aol.com> wrote in message
news:c45077c5-8f7b-4050...@t18g2000vbj.googlegroups.com...
terrable
"Robert Cohen" <robt...@msn.com> wrote in message
news:c13c982f-04e0-434c...@31g2000vbf.googlegroups.com...
On Nov 26, 10:31 pm, -=DirtBag� <D...@ymail.net> wrote:
> Lawyerkill wrote:
> > The futures are already down 177 points
>
> wtf?
>The Dubai $40 billion default is current bad news threatening
>a domino effect for tomorrow, predict a bleak Friday, and, yes, if
>oil rich Dubai
>is up shit creek, then USA is seemingly w/o that paddle (so use
>hands?)
>
>Here's pertinent Bloomberg report, the last coupla paragraphs will
>wrench out your
>long heart--if short, congrats, you was right all along, damn those
>cynical, rational, realistic dooms-dayer
>
>http://www.bloomberg.com/apps/news?pid=20601086&sid=aHtXKA26xU54
>
Dubai is not "oil rich", that is why they borrowed $80 billion plus.
Uncle_vito
Market will recover. Likely by mid day. Great buy opportunity.
Who really gives a crap about a bunch of ragheads who have borrowed too much
money.
Vito
"VegasNightOwl" <joshuatre...@cox.net> wrote in message
news:PWOPm.63512$W77....@newsfe11.iad...
bob wald
debts.....oil is droppinggg!!!!!!
Lawyerkill
It's only 60b billion. Hell, Bernie took almost that with his scam
Robert Cohen
> Dubai is flooding the oil markets selling oil to meet their
> debts.....oil is droppinggg!!!!!!
CNBC said the ball is in ABU DABI the cousin's court
They put their reserves/surplus/honor/however guaranteeing it, or the
world soon swims with the sharks, we go down into hell together,
limbo now and counting
THESE ARE MY FEARS, AND EVERYONE REALIZES THAT I
DUNNO
As Shakespeare doesn't exactly say, "WHETHER TO SHIT OR TO GO BLIND
IS THE AMORPHOUS SUBSTANCE OF THE PHENOMENA"
Lawyerkill
ABU DABI will loan them the money
Robert Cohen
When it's announced, then I'll hum this song fragment or tune from
my mid 20th century childhood which is today
full of such fragments of late 1940s and 1950s radio pop songs
Abu Dabi Abu Dabi honeymoon, abu dabi abu dabi da da da de
It's a big life du du, abu dabi abu dabi abu dabi light of the moon
It is a happy song-- right now in the emotion
du jour, that's pretty much what i can recall
Robert Cohen
The real song is if from the swing era, and the Don Edington band
Lawyerkill
Oh, I'm from the, "Hey bro, pass me that joint" era.
Robert Cohen
The market abruptly ends ambiguously
Robert Cohen
"More fun than should be allowed" <an ole Letterman line for
BARTLETT'S immortality>
VegasNightOwl
No the buy on the dip crowd isn't going away. Matter of fact, good time to
load up on some cheapies.
VegasNightOwl
"Uncle_vito" <uncle_v...@yahoo.com> wrote in message
news:_eWdnYI_reADUZLW...@linkline.com...
Robert Cohen
wrote:
> Hi Vito,
>
> No the buy on the dip crowd isn't going away. Matter of fact, good time to
> load up on some cheapies.
>
> VegasNightOwl
>
>
> news:_eWdnYI_reADUZLW...@linkline.com...
>
> > You mean the buy on the dip crowd is suddenly gone.
>
> > Market will recover. Likely by mid day. Great buy opportunity.
>
> > Who really gives a crap about a bunch of ragheads who have borrowed too
> > much money.
>
> > Vito
>
> >news:PWOPm.63512$W77....@newsfe11.iad...
> >> If you think they're down now, what until Friday's closing bell. :0 This
> >> could spill into next week with some pretty bad results and there is
> >> really nothing we can do. We have our own problems that we can't seem to
> >> get out of, let alone trying to help others with similar problems, or
> >> worse.
>
> >> A 1500 to 1800 point pullback over the next couple weeks.
>
> >> VegasNightOwl
>
> >>news:c45077c5-8f7b-4050...@t18g2000vbj.googlegroups.com...
> >>> The futures are already down 177 points
Gold pricing is currently apparently of an inverse relationship to the
US Dollar
Well, how much longer can such be?
It sorta amazes me
I do realize that fortunes are being made and lost hinging on this
very confusing dynamic-reality by itself
I'd like to read a comment or two about the phenomena
I personally "hedge" (I dunno what portfolio percentage is hedged, but
seemingly not "enough") with the mining shares (precious metals)
Is it "counter-intuitive" to "intuit" that the USD on many days
"beats" gold <nonsense rhetoric but what isn't?>
Lawyerkill
>
> The Dubai $40 billion default is current bad news threatening
> a domino effect for tomorrow, predict a bleak Friday, and, yes, �if
> oil rich Dubai
> is up shit creek, then USA is seemingly w/o that paddle (so use
> hands?)
Maybe they can take a lesson from Washington and just print 60 billion
in new money.
John Galt
Well, it's probably 80 to 90B, and the UBS regional analyst used the
ominious sentence "And that's just what's on the books......"
Remember, these guys don't follow FASB. Enron-type off-book accounts are
not to be unexpected.
JG
Robert Cohen
And "enronian" creative accounting by definition takes imaginative con-
artistry
Do not the banks consortia (perhaps the plural of consortium) of
lenders require an objective or independent &
respected prestige brand accounting companies to audit & watch over
those optimistically motivated risks of billions ?
No, I suppose, because gimlet-eye skeptics get castrated until
disaster, then everybody else gets de-balled
(except the John Paulson type whom is the very successful hedge fund
short and is now bullish on gold )
City-state Dubai is after all is subject to supply and demand, and
I'll venture un-courageously
there isn't now all that much demand for skyscrapers, Disney stuff,
and the unmentionable stuff of
semi sleazey
civilization there, there-- NOT ENOUGH especially now while the big
shots & spenders are in hell
or close to defaulting their own optimistically leveraged properties/
developments/businesses/investments/speculations
When things are going great, everything feeds everything a la the
snowball and multiplier effects <Econ 101>
When things are going into the septic tanks, ... then similar
phenomena happen in reverse
Lawyerkill
> And "enronian" creative accounting by definition takes imaginative con-
> artistry
>
> Do not the banks consortia (perhaps the plural of consortium) of
> lenders require an objective or independent &
> respected prestige brand accounting companies to audit & watch over
> those optimistically motivated risks of �billions ?
>
Are you alleging that, "Habid's Accounting and Tentmaking" is not a
respected accounting company?
Blash
They learned their lesson & are switching to Arthur Andersen.........
Robert Cohen
In my State, here is article about ugly reality, and
$12 million is SEEMINGLY chump change, which makes the
implications ... (fill in your take, mine is "worse" because of
what is not in the news item, such as about potential defaults
beaucoup when the banks must insist on the developers
keeping up)
http://www.ajc.com/business/major-atlanta-developers-sued-216346.html?cxtype=rss_business_94547
Robert Cohen
Hope this from BARRONS is linkable, because it's about Dubai in
perspective, and
a value stock in which I'm long & is the kind of stock I consider to
be relatively
"low risk"