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Futs spike...news?
- Thread starter Stok
- Start date
Dubai to pay back $4.1b Sukuk
just made 3 pts on a 25 lot short. go bitch. i've been shorting every spike for weeks and have netted 107 es pts
http://online.wsj.com/article/BT-CO-20091213-704918.html
Dubai's government Monday said it received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai World and its property unit Nakheel.
"As a first action for the new fund, the Government of Dubai has authorized $4.1 billion to be used to pay the sukuk obligations that are due today," the Dubai government said in an emailed statement.
Dubai's government Monday said it received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai World and its property unit Nakheel.
"As a first action for the new fund, the Government of Dubai has authorized $4.1 billion to be used to pay the sukuk obligations that are due today," the Dubai government said in an emailed statement.
lol 4.3 bil being paid back and the futures add 100 bil of value in seconds. love the math. this pig is speculative love fest that will burst in jan. who the hell didn't think dubai would pay it back? hell if the fed had to pay it they would have
Quote from piggie2000:
lol 4.3 bil being paid back and the futures add 100 bil of value in seconds. love the math. this pig is speculative love fest that will burst in jan. who the hell didn't think dubai would pay it back? hell if the fed had to pay it they would have
Give it time, let the bulls have their fun time, the market takes the steps higher and the elevator straight down, greed is what is pushing stocks higher, once the trade becomes to one sided the cards fall. The news that is propping up the markets tonight is giving me somewhat of a chuckle, I mean it seems no matter how big or small the crisis is it seems to always get the quick fix and that seems to be the bubble in the making.
This always ends in a bad way, don't let them fool you, just rewind back to all the great times the market was running higher and analysts and money managers were screaming buy, buy, buy, fast forward then 10 years later and notice the market hasn't done a damn thing, it will trade in the same direction for another 10 years, all the positive gdp you see is due to stimulus and nothing more, the bulls are the fools.