From Bloomberg.com, the Dubai thing hits markets again

•Stocks, Gold Fall as Rating Companies Highlight Deficit Risk; Yen Advances
•Nakheel Had First-Half Loss of $3.65 Billion on Writedowns, Document Shows
•Royal Bank of Scotland Falls to Eight-Month Low After Nakheel Reports Loss
•Barclays's Diamond Criticizes Proposed Bonus Tax, Sees Regulator Missteps
•McDonald's November Sales Trail Analysts' Estimates as Asia Results Fall
•Fortis Investors Lose Bid to Halt BNP Integration of Belgian Banking Unit
•U.S., U.K. AAA Ratings May Be Tested as Finances Deteriorate, Moody's Says
•Baghdad Car Bombings, Attacks Leave More Than 100 People Dead, Dozens Hurt
•Obama Targets Job Creation With No `Silver Bullet' to Help Boost Workforce

Breaking News

•Dubai World's Debt Isn't Guaranteed by Government, Finance Official Says
•Emerging Markets Rebound, Dollar Drops as Concern of Dubai Default Eases
•Dubai Shares Sink, Abu Dhabi Index Drops Most in Eight Years on Debt Delay
•Yen Options Signal Fujii Intervention Threats No Barrier to Weaker Dollar
•In-Geithner-We-Trust Market Brings Lowest Treasury Yields With Record Debt
•Holiday Sales Will Drop 1% in U.S. as Forecasters See `Disciplined' Buying
•Celgene Cancer Pill to Triple Sales on Data That Threaten J&J Dominance
•Iran's Plans to Build Uranium Enrichment Plants Condemned by U.K., France
•Demjanjuk Nazi Trial to Start, Raising Historic Questions, Legal Obstacles

Dubai saga continues from Bloomberg.com

Dubai saga continues:

Breaking News

•Asian Stocks, Currencies Rise on Optimism Dubai World Losses Won't Spread •U.A.E. Central Bank Says It `Stands Behind' Lenders, Offers Loan Facility •Yen Options Signal Fujii Intervention Threats No Barrier to Weaker Dollar •Yen Rises as Dubai World Unit Nakheel Suspends Trading of Islamic Sukuks •In-Geithner-We-Trust Market Brings Lowest Treasury Yields With Record Debt •IPO Returns in Emerging Markets Trample New Shares in Developed Countries •Trichet Putting Money Where Mouth Is Shows Dexia-Like Laggards Among Banks •Iran Plans to Build 10 More Uranium Enrichment Plants in Defiance of UN •Obama's Plan Must Help Speed Build-Up of Afghan Army, Senator Levin Says

The stock market guru's view.
This guy thinks its the end of the world.












20091127 Dubai cris s jolting the markets is the order for the week that passed. Some charts of the world indices.... British banks at risk. The charts are telling the story...

Some rantings

Nov 27 Msia on holidays, as equities and currencies/commodities crash as the dumb money runs for the exits. Dubai POTENTIAL default cited. The evil forces do time it very well, on Thanksgiving/Haj holidays.... It is times like this when you are thankful to be 'light'

Cable 15 min shows the sell then covering...

The 'breaking news' from bloomberg.com: (they use it to instill fear)
Breaking News

•Stocks, Commodities Drop on Dubai Debt Concern; Credit-Default Swaps Surge
•Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene
•Japan's Hirano Says Rapid Currency Moves Are `Undesirable' as Yen Rallies
•RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says
•Dubai Debt May Exceed $80 Billion on Off-Balance Sheet Liability, UBS Says
•Shipping Has `Trouble Building Behind Dam,' Ex-Baltic Exchange Head Says
•Sony, Toyota, Japan's Exporters Are on `the Edge of a Cliff' as Yen Surges
•Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen
•Philippines Mayor to Face Seven Murder Charges for Massacre of 57 People