Loading ...What do you get when you cross breed a billion debt default and low value trading? Yes, it is not looking good for Friday; it seems that the stock market will correct a few hundred points. If it doesn’t, I’ll be absolutely surprised (or not so much). The day the US stock market is closed, Dubai World asks its creditors for a 6 month extension. Naturally, this causes the global equity market to sell off and the dollar to strengthen in a flight to safety trade. Lucky for us, our equity markets are closed! Although I am not one to believe in luck, big decisions are always planned.
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