Putting the Dow in perspective… (Dubai notwithstanding)

Posted on Nov 27, 2009 by WHC Bassetti in Letters

One never knows what falling pebble or snowball will start the avalanche.  The jungle drums say that many big traders are short -- and feeling the heat.  And praying fervently for a severe downwave to get them off the hook.  Whether this is the snowball (Snowballs in Dubai?  Christmas presents from Muslims?  Well isn't there an indoor ski mountain in Dubai?  Could this be a negative indicator?  When tropical hotels start building indoor ski slopes sell them short?  But we digress, enough of cultural and economic analysis...)

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: , ,

Comments

You must be a subscriber to view and submit comments on this post.