How do you dealwith the Dubai Collapse???

[dannyboy]

I thought that I would wait a day, maybe 2, depending on the shakeout from the Dubai Collapse??? I lost several k's overnight and I wish that I had acted sooner.
I would be very interested in hearing all (?) of the thoughts of those on the MB of:

1. What will be the fallout?
2. How long will it last (general ranges?)
3. Is this going to spread to all other economies?
4. I am totally in the dark and I am interested in a the market coming right back and getting back to making SteadyGains.
5. Is there the possibility of a bounce?

DB

 

[Boghie]

I thought that I would wait a day, maybe 2, depending on the shakeout from the Dubai Collapse??? I lost several k's overnight and I wish that I had acted sooner.
I would be very interested in hearing all (?) of the thoughts of those on the MB of:

1. What will be the fallout?
2. How long will it last (general ranges?)
3. Is this going to spread to all other economies?
4. I am totally in the dark and I am interested in a the market coming right back and getting back to making SteadyGains.
5. Is there the possibility of a bounce?

DB

DannyBoy,

Don't sweat it till Tuesday:cheesy: You really can't take advantage of it without IFTs anyway. Most of us are in the same boat.

You could bail out to the G tomorrow; but any Dubai related damage would likely be completed by then anyway. Do you really think oil tick stupidity is going to last a long time. I mean, this stupidity was visible for months - if not years. Its hard to game the system when the game is over. BirchTree gamed it patiently by moving long held assets out of the I Fund back in August.

It does, however, point to the fragility of the international market and the lack of transparency in that market. There will be more illustrations of nouveau riche brilliance in the months to come.

So, I would probably let your I Fund holdings stabilize and grow a bit - then rebalance. However, I don't know where to go at that point. I mean, the United States equities and liability market doesn't seem a paragon of conservative growth.

So helpfull.

 

[Show-me]

Just another blip while I shake my head side to side. They need one earthquake or small tsunami.

 

[phil]

It looks like the Saudis may pick up the tab on this.

http://uk.reuters.com/article/idUKGEE5AP16720091127

How did it happen? Depressed oil prices, and more energy sources slowly coming online, probably. I wouldn't sweat it too much. I put a bit more in the I fund on Friday with the expectation of a bounce, but we'll see.

I thought that I would wait a day, maybe 2, depending on the shakeout from the Dubai Collapse??? I lost several k's overnight and I wish that I had acted sooner.

I would be very interested in hearing all (?) of the thoughts of those on the MB of:

1. What will be the fallout?
2. How long will it last (general ranges?)
3. Is this going to spread to all other economies?
4. I am totally in the dark and I am interested in a the market coming right back and getting back to making SteadyGains.
5. Is there the possibility of a bounce?

DB

 

[Bullitt]

Who cares about Dubai? That was like, so yesterday. Any minor tick down is a major buying opportunity. Everybody will be bailed out and everybody will get an award in the end.

Dubai International Capital and a committee of banks asked lenders on Thursday for a three-month extension to Sept. 30 of certain maturities, though the size of the debt in question was not specified. Earlier this month, Bloomberg News reported that Dubai Holding and its units owe banks $12 billion and have started talks to restructure some of the loans. Dubai World, another Dubai conglomerate, is trying to restructure about $23.5 billion of debt.

http://www.marketwatch.com/story/dubai-intl-capital-asks-for-extension-on-debt-2010-05-27

 

[Frixxxx]

Um what?

Bullitt...did you have a flashback?:blink:

He, who will not be named, posted that last year!

 

[WorkFE]

I don't care who you are. That's Funny.
Laughing with you Bullitt, not at you.:laugh: