Here Is Why The Tadawul May Soon Pull An "Egypt Stock Market", And Close Indefinitely

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Fri, 03/04/2011 - 11:21 | 1018531 LongSoupLine
LongSoupLine's picture

It's on...bitchez!

silver.

Fri, 03/04/2011 - 11:26 | 1018559 Arthor Bearing
Arthor Bearing's picture

Equities tumble, PMs rumble, it's OONNNNNN BITCHEZ

Fri, 03/04/2011 - 11:40 | 1018633 Haywood Jablowme
Haywood Jablowme's picture

ruh-roh-raggey!

 

Fri, 03/04/2011 - 11:40 | 1018641 Cash_is_Trash
Cash_is_Trash's picture

In the red corner, a paltry underweight tarnished and raped USD, stabbed mulitple times by POMO, TARP, TALF, GSE's and gov't incompetence stands the mighty DOLLAR.

In the blue corner, breaking high after high with gleaming antibiotic properties and high demand in industrial and precious applications stands SILVER.

Now touch gloves and fight!

Fri, 03/04/2011 - 11:45 | 1018660 LowProfile
LowProfile's picture

Head's up, this could lead to short term dollar strength & PM weakness.  Keep your eye on the big picture (unless you're a Jack be nimble trader with balls of steel).  http://www.youtube.com/watch?v=g9dftLTH1Qg&

Fri, 03/04/2011 - 11:58 | 1018743 A Man without Q...
A Man without Qualities's picture

Without the support of the House of ibn Saud, the US Dollar is screwed....

Fri, 03/04/2011 - 11:23 | 1018532 Cognitive Dissonance
Cognitive Dissonance's picture

Ben Bernanke: "Nothing that another helicopter drop can't fix."

Fri, 03/04/2011 - 11:24 | 1018551 snowball777
snowball777's picture

The recovery will come in the form of helicopter manufacturing gigs.

Fri, 03/04/2011 - 11:29 | 1018579 InconvenientCou...
InconvenientCounterParty's picture

A zephyr can easily whip the linen into the tail rotor. Make sure the helicopter is in the upright position before you bail.. k Ben?

Fri, 03/04/2011 - 11:54 | 1018727 rosiescenario
rosiescenario's picture

...that was back then...it is now B-52 Ben....faster transit time to NYC from D.C. and 50X the payload....I can picture Slim Pickens riding a pallet load of $$$$ ....

Fri, 03/04/2011 - 20:00 | 1020931 citta vritti
citta vritti's picture

+3 Peter Sellers

Fri, 03/04/2011 - 13:11 | 1019154 Cognitive Dissonance
Cognitive Dissonance's picture

Ouch. I hope they had GEICO.

Now we know why Boeing got the "tanker" contract. The problem is that the first "tankers" won't be built in time to do much good even when they finally begin wholesale currency drops. Waiting until 2015 for the first one is too little too late.

I like the B-52 comment above. We have plenty of those in stock.

Fri, 03/04/2011 - 11:22 | 1018534 WALLST8MY8BALL
WALLST8MY8BALL's picture

BITE THE F*($EN DUST!

Fri, 03/04/2011 - 11:22 | 1018536 apberusdisvet
apberusdisvet's picture

At 75, it's over.

Fri, 03/04/2011 - 11:24 | 1018549 cossack55
cossack55's picture

Promise?

Fri, 03/04/2011 - 12:07 | 1018794 Max Hunter
Max Hunter's picture

Long term trend line is around 76.2 ish.. If I remember correctly.. Break that, and follow through could be bloody..

Fri, 03/04/2011 - 11:25 | 1018550 tmosley
tmosley's picture

I believe the 2008 low was around 72.  Once we penetrate that, all bets are off.

Fri, 03/04/2011 - 11:30 | 1018576 equity_momo
equity_momo's picture

Break 72 coupled with inc expectations of more and more debt monetization and yup : capitulation bitchez.

Things have a habit of collapsing when least expected (not saying anyone here doesnt expect it , but all systems are weakened to the point of a catastrophic failure and then BOOM)

Hedge accordingly.

Fri, 03/04/2011 - 11:34 | 1018613 Agent P
Agent P's picture

Does not having any money count as being fully hedged?  If so, I'd like to take this opportunity to thank my wife...

Fri, 03/04/2011 - 11:40 | 1018640 fredquimby
fredquimby's picture

++ :)

Fri, 03/04/2011 - 14:10 | 1019436 Bananamerican
Bananamerican's picture

rimshot

Sun, 03/06/2011 - 08:34 | 1023281 jeff montanye
jeff montanye's picture

"she's no lady, she's my wife"

Fri, 03/04/2011 - 11:43 | 1018650 Oh regional Indian
Oh regional Indian's picture

That was hilarious Agent P. Your hedge is clearly trimmed.

ORI

Fri, 03/04/2011 - 12:29 | 1018939 mbeebe
mbeebe's picture

Best reply EVER!

Fri, 03/04/2011 - 12:42 | 1018991 johny2
johny2's picture

+++

Fri, 03/04/2011 - 13:07 | 1019146 billhilly
billhilly's picture

could be worse, you could have said "my EX-wife"... but, then again?!

Fri, 03/04/2011 - 11:40 | 1018625 alien-IQ
alien-IQ's picture

actually...70.69 in March 2008. A break below 70 and we are in no mans land...without a net...

 

74.15 looks like a crucial multi year support. once that gets breached the decline could be quite sudden.

Fri, 03/04/2011 - 11:45 | 1018657 SilverRhino
SilverRhino's picture

At 69 plus QE-Indefinite ... yeah I'll agree that it's over.

Fri, 03/04/2011 - 11:25 | 1018544 snowball777
snowball777's picture

How long until we can close that disgrace in NY?

Fri, 03/04/2011 - 11:36 | 1018623 PY-129-20
Fri, 03/04/2011 - 11:41 | 1018643 Oh regional Indian
Oh regional Indian's picture

Someone is going to take a big bite out of NY. Literally and figuratively.

The whole Apple, Big Apple, Biblical Apple trio and their obvious inter-relation tot he present time blows my mind.

So how about... when the UN/IMF show their true colours.

Lucis Publishing, FTW.

ORI

http://aadivaahan.wordpress.com/2011/03/03/straykitty-wrote-in-after-a-while/

 

Fri, 03/04/2011 - 11:25 | 1018547 pendragon
pendragon's picture

in the competition stakes for the worlds worst investors only the japanese are probably worse than the arabs

Fri, 03/04/2011 - 12:47 | 1019024 Josh Randall
Josh Randall's picture

Are you tellling me that Hawaiian real estate hasnt apreciated 1000% since 1979 ? C'mon who you foolin'...

Fri, 03/04/2011 - 11:25 | 1018548 TruthInSunshine
TruthInSunshine's picture

Don't forget Nobel Laureate Economist Timothy Geithner's sage wisdom on China and currencies and inflation:

US Treasury's  Geithner says if China does not move on revaluing its currency, it faces much higher inflation
Fri, 03/04/2011 - 11:40 | 1018637 Bastiat
Bastiat's picture

This is why encouraging their people to buy PMs is so brilliant.  They were a little slow but it was the right move.

Sun, 03/06/2011 - 08:44 | 1023287 jeff montanye
jeff montanye's picture

let's not pad his resume; it is interesting enough: he may speak chinese, have employed obama's mama, has worked for kissinger, the council on foreign relations and the imf, and he doesn't pay his taxes.  

Fri, 03/04/2011 - 11:27 | 1018565 scatterbrains
scatterbrains's picture

btw what happens to options contracts once the NYSE closes down for a few months ?

 

Fri, 03/04/2011 - 11:44 | 1018655 TruthInSunshine
TruthInSunshine's picture

If you are Goldman or JPM, Bernanke covers your premiums 100% on the dollar, and throws in a 110% 'assumed profit.'

If you're not a FOB ('friend of Ben'), lights out.

Sun, 03/06/2011 - 08:47 | 1023288 jeff montanye
jeff montanye's picture

yes, in a nutshell, that's about it.  and, somehow, it doesn't seem fair.

Fri, 03/04/2011 - 11:28 | 1018567 OMG
OMG's picture

The Bernank is masturbating with glee Iran can't be too far off

Fri, 03/04/2011 - 11:28 | 1018571 assumptionblindness
assumptionblindness's picture

OK Chairsatan, you have got 15 minutes to do something about this!

Fri, 03/04/2011 - 11:29 | 1018575 gwar5
gwar5's picture

After seeing what happened to the rest of the ME I can imagine the Saudis are getting their boodle out ahead of the riots. I bet they took note which foreign banks froze accounts too.

Fri, 03/04/2011 - 11:32 | 1018589 AnAnonymous
AnAnonymous's picture

Muslim brotherhood...

Fri, 03/04/2011 - 11:29 | 1018580 Spalding_Smailes
Spalding_Smailes's picture

Dollar was at the same levels in ....

78-80 & 90 & 92 & 95 & 08 -09 ...... But this time it's different.

Fri, 03/04/2011 - 11:33 | 1018603 SDRII
SDRII's picture

dollar vs. what?

Fri, 03/04/2011 - 11:33 | 1018605 Fred Fernakie
Fred Fernakie's picture

STFU and buy teh silverz

Fri, 03/04/2011 - 14:14 | 1019460 Bananamerican
Bananamerican's picture

2 hard 2 find moar

Fri, 03/04/2011 - 11:35 | 1018606 Id fight Gandhi
Id fight Gandhi's picture

Your point? Economy was in the shitter each time during those years.

Fri, 03/04/2011 - 11:36 | 1018622 Spalding_Smailes
Spalding_Smailes's picture

And things got better, just like they are today.

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