Posted on 01/10/2016 12:08:40 PM PST by blam
Tyler Durden
1-10-2016
With all eyes focused on tonight's China open (and the "oops, China matters after all" meme), the Middle-East has fallen off the front (or back) pages of mainstream media. However, the last few days have been a bloodbath (analogistically as opposed to literally) across the Middle-East with Saudi stocks plunging 2.5% overnight (down almost 13% in the last 5 days) and every market from Bahrain to UAE all tumbling below August lows.
Saudi's Tadawul Stock Index has collapsed in the last few days and is now unchanged since May 2009.
(snip)
(Excerpt) Read more at zerohedge.com ...
Muslim countries want to live in the 7th century so let them.
The Obama economic bomb might be going off early, assuming he wanted it to happen during the next administration .
But if chaos is the goal, maybe he’s right on schedule.
I have no experience with M.E. stock markets, but looking at the highly elitist, repressive, corrupt, massively unequal Muslim regimes, I would guess that their stock markets are solely a playground for those few who can tap into the state’s money, and western bankers.
“...Saudi stocks plunging 2.5% overnight...”
Camel futures are down...so what?
Since the Saudis are hell bent on destroying the US oil industry, we ought to sell every stock that has Saudi ties. Turn around is fair play. Let those phony “royals” have to wash their own limos.
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