Saudi Stock Market Drops 7%, As Saudi CDS Hit 140 bps

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Tue, 03/01/2011 - 09:34 | 1006621 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

The Bernank has a lot to answer for... and still the docile citizens sit idle, when the Bernank and his masters could be ousted in days/weeks as other far more brave and intelligent peoples of various nations recently have shown.

The pussification of the average U.S. citizen was a complete success.

Tue, 03/01/2011 - 09:49 | 1006670 Johnny Lawrence
Johnny Lawrence's picture

Well said.  What is it about US citizens that allows bankers and politicians to shit all over them?

Tue, 03/01/2011 - 10:43 | 1006816 pods
pods's picture

Simple, we have the most finely crafted Matrix that debt can buy.


Tue, 03/01/2011 - 12:05 | 1007145 MachoMan
MachoMan's picture

The fact that for decades we all benefitted from the debasement...  at least superficially...  It just takes a while to make a paradigm shift after having benefitted (at least perceptually) for so long.

Tue, 03/01/2011 - 10:13 | 1006750 ibjamming
ibjamming's picture

What did you expect?  All the real men are in prison...

Tue, 03/01/2011 - 10:33 | 1006801 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

It was the 'common man' in Tunisia, Eygpt, Libya that drove out their filth governments.

Tue, 03/01/2011 - 11:08 | 1006902 CrashisOptimistic
CrashisOptimistic's picture

Bernanke has plenty to answer for, but it will be hard to get him convicted on charges of oil depletion.

Tue, 03/01/2011 - 09:32 | 1006622 Turd Ferguson
Tue, 03/01/2011 - 09:48 | 1006661 equity_momo
equity_momo's picture

Ah so thats where Baghdad Bob ended up. Bahrain.

Tue, 03/01/2011 - 10:03 | 1006718 SWRichmond
SWRichmond's picture

Damn that free flow of information!  Someone has to do something about that!

Tue, 03/01/2011 - 09:34 | 1006624 eigenvalue
eigenvalue's picture

Another factor that may cause instability in the Middle East is the foreign workers from India and Pakistan. In some parts of the Middle East, foreign workers outnumber locals. These foreign workers are said to be treated brutally. So if they also start uprising, we will see more fireworks in the Middle East...

Tue, 03/01/2011 - 09:34 | 1006625 pendragon
pendragon's picture

a quick dish dash to the downside

Tue, 03/01/2011 - 09:37 | 1006631 hugovanderbubble
hugovanderbubble's picture



All QE2 monetized with Oil prices....up.....and of course Commodities....its the only way to avoid deflation in Real Estate world wide.

Tue, 03/01/2011 - 09:39 | 1006633 Sudden Debt
Sudden Debt's picture

Expect gold to extend it's C wave untill june anytime soon!


Tue, 03/01/2011 - 09:41 | 1006635 Sudden Debt
Sudden Debt's picture

Inflation in the Eurozone is 2.4% in Februari.

everything everywhere is very well contained so it seems.

And as precious metals keep rising, we'll soon see a massive drop in banks to finish the job.

And then we'll get QE3 to finish the cake!


Tue, 03/01/2011 - 09:43 | 1006649 eigenvalue
eigenvalue's picture

In QE3, the Fed may start buying all the debt and stocks around the globe. Then we shall never see markets going down.

Tue, 03/01/2011 - 09:46 | 1006658 Sudden Debt
Sudden Debt's picture

and with all the devidends they'll collect from those shares, they'll be able to downpay the deficit AND NOBODY IN THE US WILL EVER HAVE TO WORK ANOTHER DAY IN THEIR LIVES!!

Life is great isn't it! :)


Tue, 03/01/2011 - 09:44 | 1006648 Scottj88
Scottj88's picture

Twas the Night Before March, Nobody around...

Not an oz of Silver lay around, not even in the Warehouse....


My call of 50$ physical silver by April is looking very conservative now....

Tue, 03/01/2011 - 09:50 | 1006675 Sudden Debt
Sudden Debt's picture

nice to see we have poets on this board :)

Silver is a wonderful element,
A fierce wonder, much honoured;
And its help is great, forever,
And forever. I give in to silver.
For silver I take the number of days
To be many for the occupation of mine.
The silvered men and women
Are never the forgotten people;
So choose silver, and wise are you.
Silver is the best metal
Too hard to possess.

Tue, 03/01/2011 - 09:45 | 1006653 Twindrives
Twindrives's picture

Is Obama a Sunni or a Shite?

Or his he just the shits? 


Tue, 03/01/2011 - 09:45 | 1006655 Ancona
Ancona's picture


Nice straight line drop.....where's my parachute?

Tue, 03/01/2011 - 09:55 | 1006686 themosmitsos
themosmitsos's picture

Tyler, last sentence is extremely significant. I wonder how many people really know that, that call themselves experts

Tue, 03/01/2011 - 10:00 | 1006696 Cdad
Cdad's picture

Everything going on this morning, and the criminal syndicate known as Wall Street is trying to run ES up the flagpole, anyway.  Good grief [and by that I mean just how stupid are members of this criminal syndicate...and just why...again...have our law enforcement authorities...of which there are oh so many...why have they not managed to prosecute even one of these morons?]  Why?

Of course, the answer is that they are all one in the same.  It makes no never mind.  Today, the PMs will settle the score. 

Calling it.  TOP!  [S&P 1336 on the overnight]

Tue, 03/01/2011 - 10:14 | 1006755 virgilcaine
virgilcaine's picture

How is the Cairo stock mkt doing?

Tue, 03/01/2011 - 10:55 | 1006849 Sizzurp
Sizzurp's picture

I think the Obama US foreign policy on these matters is starting to take shape.  Basically, if you are an oil exporter to the west, then the US will take military steps if necessary to insure the oil continues to flow.  This will be couched in the notion of preserving human rights.  If Saudi gets ugly and oil flow is threatened, prepare for quick US military action followed by nation building  Iraq quagmire scenario.  The only question is when will China say bullshit, we want it too.

Tue, 03/01/2011 - 11:09 | 1006900 SDRII
SDRII's picture

Another "anon" facebook page calling for revolt in syria. Is there a patter emerging? Russians and turks out saying no to us action in libya. turkey has essentially left nato for all purposes.

Tue, 03/01/2011 - 11:19 | 1006933 Sizzurp
Sizzurp's picture

Russia has a lot to gain by seeing oil prices higher.  Turkey, well they still think they are the center of the Ottoman empire.

Tue, 03/01/2011 - 11:35 | 1007024 falak pema
falak pema's picture

No wonder the Saudis are pissed off. Their stock market index has fallen from 6800 to 5500 in one month. A fall of 20%. Not so the S&P in Wall Street. Damn yankees as shorting us already...So up goes oil...their only arm...and more Euros/euro bonds  to buy with receipts to short the crazy $! The vicious circle goes on...

Wed, 03/02/2011 - 06:44 | 1010558 indya
indya's picture

Hey look! Its Day2..Saudi index TADAWUL down again 4.89% @ 5269

Whats cooking now?

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