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"Asian stocks, currencies rise on optimism Dubai World losses won't spread."
Of course losses won't spread. The problems associated wit debt and Dubai are "contained", right?
From our "fave" WEbsite - that would be CNBS
Asian Stocks Rebound as Dubai Jitters Fade
Euro Shares Fall on Dubai Fears; Banks Slip
and soon to be revealed
Futures Edge Lower Amid Dubai Worries
I am worried about whether I should be worried or not ;-)
The pump monkey's are in full swing this morning. At CNBC(S) everything is good, everything is a buy, today and always. Buy, buy, buy.
They also said the Vampire Squid upgraded all the steel companies. I'm not sure I get that.
Can't help thinking it: steel is needed to build... prisons.
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