G-Man
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Just when investors were settling down to lock in a few of the year’s profits and put their feet up for the end of the year holidays, a black swan has come waddling out of the desert to put everything on edge.
The unwelcome cygnus atratus came in the form of Gulf emirate Dubai telling creditors of Dubai World and property group Nakheel that debt repayments would be delayed.
Fears of contagion spread widely, hitting world stocks, lifting the dollar out of its basement and driving demand for European debt so much that a roughly 6-month trading range for futures was breached.http://blogs.reuters.com/globalinvesting/2009/11/26/a-black-swan-in-the-desert/
http://www.timebomb2000.com/vb/showthread.php?t=349201
Fears of contagion spread widely, hitting world stocks, lifting the dollar out of its basement and driving demand for European debt so much that a roughly 6-month trading range for futures was breached.http://blogs.reuters.com/globalinvesting/2009/11/26/a-black-swan-in-the-desert/
http://www.timebomb2000.com/vb/showthread.php?t=349201