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Saudi market crash hits millions [market capitalization cut by half since the end of last year]
AFP ^
| Dec 29, 2006
Posted on 12/28/2006 9:31:48 PM PST by jdm
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Saudi Arabia gets their 2000 NASDAQ equivalent.
1
posted on
12/28/2006 9:31:52 PM PST
by
jdm
To: jdm
The Saudi stock market closed one of the most turbulent years in its history: that's a good thing!
2
posted on
12/28/2006 9:35:04 PM PST
by
BW2221
To: jdm
Did their central bank specifically attack the stock market the way Greenspan did?
3
posted on
12/28/2006 9:35:31 PM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: jdm
The Saudi stock market... Seems almost as absurd as the North Korean stock market.
Comment #5 Removed by Moderator
To: jdm
Kinda makes the Dollar and US investments look a little better, doesn't it!
6
posted on
12/28/2006 9:42:44 PM PST
by
TheLion
(How about "Comprehensive Immigration Enforcement," for a change)
To: LibWhacker
OMG there is one Just kidding LOL!
7
posted on
12/28/2006 9:43:21 PM PST
by
SevenofNine
("Step aside Jefe"=Det Lennie Briscoe)
To: jdm
"lack of regulations and transparency made the slide more painful"Oh really? No honor among thieves??? Hmmmmmmmmmm???
8
posted on
12/28/2006 9:45:47 PM PST
by
SierraWasp
(EnvironMentalism... America's establishment of it's new unconstitutional State Religion!!!)
To: Grampa Dave; ASA Vet
Interesting affairs.
Any input, Dave?
9
posted on
12/28/2006 9:49:11 PM PST
by
BIGLOOK
(Keelhauling is a sensible solution to mutiny.)
To: jdm
Well, one could argue that such moments [education-wise] are worth their weight in gold.
10
posted on
12/28/2006 10:06:48 PM PST
by
GSlob
To: jdm
Correction of some irrational exuberance...or is this a canary in an oil field?
11
posted on
12/28/2006 10:09:50 PM PST
by
neutrino
(Globalization is the economic treason that dare not speak its name.(173))
To: jdm
Dakkak estimates that as many as two million Saudi investors and their eight million family members have been hit hard by the bourse slide.
Hit very hard by Saudi standards. Some will have to sell one out of their 20 luxury automobiles.
12
posted on
12/28/2006 10:22:50 PM PST
by
Proud_USA_Republican
(We're going to take things away from you on behalf of the common good. - Hillary Clinton)
Any calls yet for the Saudi government to implement reforms???
To: neutrino
"Between the end of 2003 and February 25 this year, the Tasi increased almost five-fold."Up 500% in 3 years, down 50% this year. 250% increase in 3 years, not bad!!
yitbos
14
posted on
12/29/2006 12:23:50 AM PST
by
bruinbirdman
("Those who control language control minds." -- Ayn Rand)
To: jdm
For some reason, I don't think "Business" whenever I see these guys.
I think "Decapitation, Rape, and Violence."
I wonder why?
15
posted on
12/29/2006 3:39:23 AM PST
by
SkyPilot
To: wodinoneeye
I'm confident that the incoming Democrat Leadership will offer a bailout package to their Arab friends........
16
posted on
12/29/2006 4:29:08 AM PST
by
Erik Latranyi
(The Democratic Party will not exist in a few years....we are watching history unfold before us.)
To: BIGLOOK
No input.
Amazing how the left wing mediots of America have not let us know about this.
Jimmy Carter, Clintoon and other Saudi lovers, must have been very expensive to support last year.
17
posted on
12/29/2006 6:06:24 AM PST
by
Grampa Dave
(Republican voters = a large viable group of responsible citizens. CINO Non voters aren't!)
To: LibWhacker
Your ignorance is showing....very badly.
The Saudis are perhaps the purest capitalists on earth.
18
posted on
12/29/2006 6:08:42 AM PST
by
bert
(K.E. N.P. .... you'll run the bill up kid!....)
To: Proud_USA_Republican
"Hit very hard by Saudi standards. Some will have to sell one out of their 20 luxury automobiles."
All they have to do is increase the price of their oil ... and they are back even in no time! Expect higher gas price next year.
19
posted on
12/29/2006 7:44:23 AM PST
by
Red_Devil 232
(VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
To: Grampa Dave
Bwahahahaha! More like the purest thieves on earth.
20
posted on
12/29/2006 8:07:18 AM PST
by
liberte
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