Dubai defaults - “The announcement was a shock,” said Beat Siegenthaler, chief emerging-market strategist at TD Securiti (house of representatives, Congress)
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"A computer crash at the London Stock Exchange, which by coincidence is 21 per cent owned by the Dubai Government, left dealers unable to trade for three and a half hours."
Oh..sorry, my bad. I see what you meant. I got a buddy that does the same thing. In and out and he does it at the open.
No problem. Yeah, I'm just a trader. Rarely hold anything overnight.
Wasn't even going to trade today, but when I saw the futures down so much on such nonsense I couldn't help myself. Perhaps the market is looking for a reason to correct a bit. If so, I guess this is as good as any. But hardly a big deal in the overall scope of things.
I guess it serves Dubai right. They are more materialist than the West. The higher you get, the deeper you fall. Reminds me of the tower of Babel Who knows, maybe the Burj super tower will collapse as well. With such a complex building it is only natural that some of those involved have screwed up... It is symptomatic for Arabic oil countries, only money, no substance.
It's cheap to fly to Dubai these days.
Also Dubai Air has some great deals on flights.
Quote:
Originally Posted by Neuling
I guess it serves Dubai right. They are more materialist than the West. The higher you get, the deeper you fall. Reminds me of the tower of Babel Who knows, maybe the Burj super tower will collapse as well. With such a complex building it is only natural that some of those involved have screwed up... It is symptomatic for Arabic oil countries, only money, no substance.
I guess it serves the US right also.
After all, they're materialistic.
And what would we do there? I have heard several people say it is actually a rather boring place once you are finished photographing the skyscrapers
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Who knows, maybe the Burj super tower will collapse as well. With such a complex building it is only natural that some of those involved have screwed up... It is symptomatic for Arabic oil countries, only money, no substance.
