[VaBthang4]

I hate to come off like the Black Helicpter Coterie but is it possible that Saudis know something that we dont?

People dont earn that kind of money being emotional twits....you do it through smart business sense.

They were either cashing out in order not to get soaked by the market or they think there is some other reason to pull their money out before they lose it.

???

[kms61]

Could be they're cutting off their nose to spite their face....it'll be hard finding a place to park that much money. Maybe they're so fed up they're willing to take a loss.

Or you could be right, but if so what do they know, and how are so many people able to keep a secret like that? Or are they just surmising that the USA will be a less friendly environment in the future.

A lot of ways to spin this information.

[monday]

"People dont earn that kind of money being emotional twits....you do it through smart business sense. They were either cashing out in order not to get soaked by the market or they think there is some other reason to pull their money out before they lose it. "

Well actually they got their money by owning a lot of oil wells. This is going to hurt them. Selling so many assets so quickly will depress prices and they will have to invest it elsewhere which will increase prices where ever they decide to park it. Selling low and buying high.

They may not have much choice though. It sounds like any Saudi assets in the US may be frozen soon while these lawsuits are litigated.

While they are selling though I wouldn't want to own a lot of US securities. It is likly to depress prices for quite a while. Could lead to a good buying opportunity in a few years though. I think I will wait and see if Bush invades Iraq before I take the plunge. Euro denominated investments might be a good bet in the short term? ???

[goody2shooz]

They have good reason for pulling their money out now.

They're afraid of losing all of it in the forthcoming lawsuits.

[al-andalus]

'People dont earn that kind of money being emotional twits....you do it through smart business sense.'

I'm sorry, they are emotional twits. They 'earned' their money by being born into the House of Saud.